Idaho State Statutes - Idaho Attorney Directory

Except
to the extent of moneys deposited in a special fund or funds under this act
and pledged to the payment of the principal of and interest on bonds or other
obligations, the agency shall not be liable on any such bonds or other
obligations. The bonds issued and other obligations incurred by any agency
under this chapter shall not constitute a general obligation or debt of any
municipality, the state or any of its political subdivisions. In no event
shall such bonds or other obligations give rise to general obligation or
liability of the agency, the municipality, the state, or any of its political
subdivisions, or give rise to a charge against their general credit or taxing
powers, or be payable out of any funds or properties other than the special
fund or funds of the agency pledged therefor; and such bonds and other
obligations shall so state on their face. Such bonds and other obligations
shall not constitute an indebtedness or the pledging of faith and credit
within the meaning of any constitutional or statutory debt limitation or
restriction.

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