Section 4-251 - Bonds and notes not State debts.
§ 4-251. Bonds and notes not State debts.
(a) In general.- A bond or note issued under this part:
(1) is not a debt of and does not pledge the faith, credit, or taxing power of the State, the Administration, or a political subdivision; but
(2) is payable only from the revenues and property provided for in this subtitle.
(b) Required statement.- Each bond or note shall state on its face the provisions of subsection (a) of this section.
[An. Code 1957, art. 83B, § 2-206(p); 2005, ch. 26, § 2.]