TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 4. DEVELOPMENT CORPORATION ACT

Part 1. General Provisions

Credit Of State And Local Governments Not Pledged

32-4-103. Credit of state and local governments not pledged. Under no circumstances is the credit of the state, county, or municipal governments or their agencies or authorities pledged under this chapter.

History: En. Sec. 17, Ch. 128, L. 1969; R.C.M. 1947, 15-2617; amd. Sec. 1, Ch. 497, L. 1989.