1. (a) The bonds of any issue shall be payable solely from the property or receipts of the Authority, including without limitation:

   1. (1) Fees, charges, or other revenues payable to the Authority;
   2. (2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements;
   3. (3) Investment earnings from funds or accounts maintained under a bond resolution or trust agreement;
   4. (4) Proceeds of refunding bonds; and
   5. (5) Any other source authorized by law.
2. (b) The bonds do not constitute a debt, liability, or pledge of full faith and credit of the State and may not be deemed to constitute a debt, liability, or pledge of the full faith and credit of the State.

Added by Acts 1996, c. 601, § 1, eff. Oct. 1, 1996.