Section 125.1431 - Notes and bonds; liability of state.
STATE HOUSING DEVELOPMENT AUTHORITY ACT OF 1966 (EXCERPT)
Act 346 of 1966
125.1431 Notes and bonds; liability of state.
Sec. 31.
The state shall not be liable on notes or bonds of the authority and such notes and bonds shall not be a debt of the state. The notes and bonds shall contain on the face thereof a statement to such effect.
History: 1966, Act 346, Eff. Mar. 10, 1967