11-722. Bond obligations of the
authority
Bonds issued under this article are obligations of the county sports authority, are
payable only according to their terms and are not obligations general, special or
otherwise of this state or the county. The bonds do not constitute a legal debt of this
state or the county and are not enforceable against this state or the county. Payment of
the bonds is not enforceable out of any monies other than the income and revenue pledged
and assigned to, or in trust for the benefit of, the holder or holders of the bonds.
|