The notes, bonds or other obligations of HDA shall not be a debt or grant or loan of credit of the Commonwealth of Virginia, and the Commonwealth shall not be liable thereon, nor shall they be payable out of any funds other than those of HDA; and such notes and bonds shall contain on the face thereof a statement to such effect.
Va. Code Ann. § 36-55.46
Commonwealth not liable on notes and bonds
Known as the Virginia Housing Development Authority Act
The act spans §§ 36–36 (42 sections).
1972, c. 830.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.