Ala. Code § 14-2-24
This is the official text of Ala. Code § 14-2-24, part of Alabama’s Code — part of the compiled statutory law of Alabama, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Section 14-2-24 Obligations, Bonds, and Notes Not Debt of State
Official statutory text
All obligations incurred by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation of the authority, payable solely from the revenues and income which may under the provisions of this chapter be pledged to the payment thereof. No obligation incurred by the authority and no bond or note issued by it shall create an obligation or debt of the state.
Status: in_force · Read it on the official government site
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