{"data":{"id":"us-ky/krs-164a.070","jurisdiction":"us-ky","citation":"KRS 164A.070","heading":"Status of obligations issued by corporation.","body":"(1) Obligations issued under the provisions of this chapter shall not be deemed to\nconstitute a debt, liability or obligation of the state or a pledge of the faith and credit\nof the state, but shall be payable solely from the revenues or assets of the\ncorporation.  Each obligation issued under this chapter shall contain on the face\nthereof a statement to the effect that the corporation shall not be obligated to pay the\nsame nor the interest thereon except from the revenues or assets pledged therefor\nand that ne ither the faith and credit nor the taxing power of the state is pledged to\nthe payment of the principal of or the interest on such obligation.\n(2) Expenses incurred by the corporation in carrying out the provisions of this chapter\nmay be made payable from funds provided pursuant to this chapter and no liability\nshall be incurred by the corporation hereunder beyond the extent to which moneys\nshall have been so provided.","path":["KRS Chapter 164A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=4537","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:19Z","sha256":"735349cc61fd6cbb8177d4bcde00771f1ee8d506ef6fb09ce91813665cbced0e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-164a.065","next":"us-ky/krs-164a.080"},"notice":"GroundRules: Original legal text. Not legal advice."}