§49-13  Revenue bonds not a general or moral
obligation of the county.  Unless otherwise provided in this section,
revenue bonds issued under this chapter shall be payable solely from and
secured by the revenue, or the user taxes, or combination of both, pledged to
the payment thereof, of the undertaking or loan program for which the revenue
bonds have been issued, or secured solely by and payable from a special fund to
be maintained from the revenue, or user taxes, or combination of both, pledged
to the special fund, and shall not constitute a general or moral obligation of
the county or a charge upon the general fund of the county, nor shall the full
faith and credit of the county be pledged to the payment of the principal and
interest thereof.  Revenue bonds issued for the purpose of establishing and
administering a loan program authorized by law may also be secured by a pledge
of all or a portion of undertakings, mortgages, and other obligations held by
the county as security for a loan made under the program.  Each revenue bond
issued under this chapter shall recite in substance that the revenue bonds and
the interest thereon are payable from and secured by the revenue, or the user
taxes, or combination of both, pledged to the payment thereof, of the undertaking
or loan program for which the revenue bond is issued, or secured by and payable
from a special fund to be maintained from the revenue, or user taxes, or
combination of both, pledged to the special fund, and that the revenue bond is
not a general or moral obligation of the county and the full faith and credit
of the county are not pledged to the payment of the principal and interest. [L
1989, c 80, pt of §3]