The faith and credit of the issuing unit are hereby pledged for the payment of the
principal of and interest on all bonds issued under this Article and debt instruments
secured by a pledge of its faith and credit in accordance with the limitations and
procedures prescribed in Chapter 159G of the General Statutes according to their terms,
and the power and obligation of the issuing unit to levy taxes and raise other revenues
for the prompt payment of installments of principal and interest or for the maintenance
of sinking funds shall be unrestricted as to rate or amount, notwithstanding any other
provisions of law whether general, special, local, or private.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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