15-1487. Prohibitions against obligating the
state of Arizona


Nothing in this article shall be construed to authorize the board to contract a debt
on behalf of, or in any way to obligate, the state of Arizona, or to pledge, assign or
encumber in any way or to permit the pledging, assigning or encumbering in any way of
appropriations made by the legislature or revenue derived from the investment of the
proceeds of the sale and from the rental of such lands as have been set aside by the
enabling act approved June 20, 1910, or other legislative enactments of the United
States, for the use and benefit of the institution.