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Current as of January 01, 2020 | Updated by FindLaw Staff
Obligations issued under the provisions of this subchapter shall not be deemed to constitute a debt or liability of the State. Each obligation issued under this subchapter shall contain on the face thereof a statement to the effect that the Authority shall not be obligated to pay the same nor the interest thereon except from the revenues or assets pledged therefor, and that neither the faith and credit nor the taxing power of the State is pledged to the payment of the principal of or the interest on such obligations.
Cite this article: FindLaw.com - Vermont Statutes Title 10. Conservation and Development, § 280x. Obligations; credit of the State not pledged - last updated January 01, 2020 | https://codes.findlaw.com/vt/title-10-conservation-and-development/vt-st-tit-10-sect-280x/
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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