Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
136A.35 BONDS ARE NOT STATE OBLIGATION.
Bonds issued under authority of sections 136A.25 to 136A.42 do not, and shall state that
they do not, represent or constitute a debt or pledge of the faith and credit of the state, grant to the
owners or holders thereof any right to have the state levy any taxes or appropriate any funds for
the payment of the principal thereof or interest thereon. Such bonds are payable and shall state
that they are payable solely from the rentals, revenues, and other income, charges, and moneys as
are pledged for their payment in accordance with the bond proceedings. The legislature intends
not to appropriate money from the general fund to pay for these bonds.
History: 1971 c 868 s 11; 1990 c 610 art 2 s 5
Bonds issued under authority of sections 136A.25 to 136A.42 do not, and shall state that
they do not, represent or constitute a debt or pledge of the faith and credit of the state, grant to the
owners or holders thereof any right to have the state levy any taxes or appropriate any funds for
the payment of the principal thereof or interest thereon. Such bonds are payable and shall state
that they are payable solely from the rentals, revenues, and other income, charges, and moneys as
are pledged for their payment in accordance with the bond proceedings. The legislature intends
not to appropriate money from the general fund to pay for these bonds.
History: 1971 c 868 s 11; 1990 c 610 art 2 s 5
Official Publication of the State of Minnesota
Revisor of Statutes