Arizona Laws 45-1716. State not liable on bonds and notes
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Neither the state nor any political subdivision thereof shall be liable on the bonds or notes of the authority and such bonds and notes shall not constitute a debt or liability of the state or of any such political subdivision.
Terms Used In Arizona Laws 45-1716
- Authority: means the Arizona power authority created pursuant to Title 30, Chapter 1. See Arizona Laws 45-1702
- notes: means bonds and notes, respectively, of the authority issued pursuant to this article. See Arizona Laws 45-1702
- State: means the state of Arizona. See Arizona Laws 45-1702