Section 116W.21 Nonliability
116W.21 NONLIABILITY.
Subdivision 1.Nonliability of individuals.
No member of the authority, staff of the authority, or other person executing other agreements or contracts of the authority is liable personally or is subject to any personal liability or accountability by reason of their issuance, execution, delivery, or performance.
Subd. 2.Nonliability of state.
The state is not liable on loans or other agreements or contracts of the authority issued or entered into under this chapter and the loans or other agreements or contracts of the authority are not a debt of the state. The loans or other agreements or contracts of the authority must contain on their face a statement to that effect.
History:
2010 c 347 art 1 s 18