All debts assumed or created by the authority and all bonds issued by it shall be solely and exclusively obligations of the authority and shall not be obligations or debts of the State of Alabama. All contracts and agreements made by the authority pursuant to the provisions of this article shall be solely and exclusively obligations of the authority and shall not be obligations of the State of Alabama.
Ala. Code § 41-10-62
Liability Upon Bonds, Debts, Agreements, Etc., of Authority.
Known as the Southern Products Mart Authority Act
The act spans §§ 41–41 (20 sections).
(Acts 1973, No. 1210, p. 2032, §10.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.