30.765. State and state treasurer not liable on loans--default on a loan not to affect deposit agreement with state.
State and state treasurer not liable on loans--default on a loan notto affect deposit agreement with state.
30.765. The state and the state treasurer are not liable to anyeligible lending institution in any manner for payment of the principal orinterest on the loan to an eligible multitenant enterprise, eligible farmoperation, eligible alternative energy operation, eligible alternativeenergy consumer, eligible locally owned business, eligible small business,eligible job enhancement business, eligible marketing enterprise, eligibleresidential property developer, eligible residential property owner,eligible governmental entity, eligible agribusiness, eligible beginningfarmer, eligible livestock operation, eligible student borrower, eligiblefacility borrower, or eligible water supply system. Any delay in paymentsor default on the part of an eligible multitenant enterprise, eligiblefarming operation, eligible alternative energy operation, eligiblealternative energy consumer, eligible locally owned business, eligiblesmall business, eligible job enhancement business, eligible marketingenterprise, eligible residential property developer, eligible residentialproperty owner, eligible governmental entity, eligible agribusiness,eligible beginning farmer, eligible livestock operation, eligible studentborrower, eligible facility borrower, or eligible water supply system doesnot in any manner affect the deposit agreement between the eligible lendinginstitution and the state treasurer.
(L. 1986 H.B. 1107 § 7, A.L. 1987 H.B. 294, A.L. 1988 H.B. 1260, A.L. 1989 S.B. 444, A.L. 1991 H.B. 51, et al., A.L. 1993 H.B. 566, A.L. 2004 S.B. 1155, A.L. 2005 S.B. 270, A.L. 2007 H.B. 741, A.L. 2008 S.B. 1181, et al., A.L. 2009 H.B. 883)