Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 5 - Economic Development > CHAPTER 15E - DEVELOPMENT ACTIVITIES > 15E.210 - OBLIGATIONS.

15E.210 - OBLIGATIONS.

        15E.210  OBLIGATIONS.
         The obligations of the corporation are not obligations of this
      state or any political subdivision of this state within the meaning
      of any constitutional or statutory debt limitations, but are
      obligations of the corporation payable solely and only from the
      corporation's funds.  The corporation shall not pledge the credit or
      taxing power of this state or any political subdivision of this state
      or make its debts payable out of any moneys except for those of the
      corporation.
         Section History: Recent Form
         98 Acts, ch 1207, §11