1. (a)

   1. (1) This section does not prevent the Corporation from pledging its full faith and credit to the payment of a bond.
   2. (2) This section does not limit the ability of the State or a governmental unit to impose and collect an assessment, rate, fee, or charge to pay to the Corporation any cost, including the principal of and interest on a bond, under an agreement between the Corporation and the State or governmental unit.

2. (b)

   1. (1) A bond:

      1. (i) is not a debt, liability, or a pledge of the full faith and credit of the State or a governmental unit; and
      2. (ii) is payable solely from revenues provided under this subtitle.
   2. (2) The issuance of a bond is not directly, indirectly, or contingently a moral or other obligation of the State or a governmental unit to levy or pledge any tax or to make an appropriation to pay the bond.

   3. (3) Each bond shall state on its face that:

      1. (i) neither the State nor any governmental unit is obliged to pay the principal of or interest on the bond, except from revenues pledged to payment of the bond; and
      2. (ii) neither the full faith and credit nor the taxing power of the State or a governmental unit is pledged to the payment of the principal of or interest on the bond.

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.