§39-11  Bonds tax exempt; firstcharge on general fund.  All bonds issued pursuant to this part and theincome therefrom shall be exempt from all taxation by the State or any countyor other political subdivision thereof, except inheritance, transfer, andestate taxes.  Interest and principal payments of the bonds shall be a firstcharge on the general fund of the State.  The full faith and credit of theState shall be and they are hereby pledged to the punctual payment of theprincipal thereof, and interest thereon, as the same shall become due,irrespective of whether or not the pledge be stated in the bonds, andsufficient revenues shall be raised or provided from time to time for thepurpose of payment. [L 1988, c 28, pt of §3]