KRS 164A.070: Status of obligations issued by corporation.

(1) Obligations issued under the provisions of this chapter shall not be deemed to

constitute a debt, liability or obligation of the state or a pledge of the faith and credit

of the state, but shall be payable solely from the revenues or assets of the

corporation. Each obligation issued under this chapter shall contain on the face

thereof a statement to the effect that the corporation shall not be obligated to pay the

same nor the interest thereon except from the revenues or assets pledged therefor

and that ne ither the faith and credit nor the taxing power of the state is pledged to

the payment of the principal of or the interest on such obligation.

(2) Expenses incurred by the corporation in carrying out the provisions of this chapter

may be made payable from funds provided pursuant to this chapter and no liability

shall be incurred by the corporation hereunder beyond the extent to which moneys

shall have been so provided.