Indebtedness limited to authority

Sec. 9. Grant anticipation revenue bonds or notes: (1) constitute the corporate obligations of the authority; (2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision or limitation; and (3) are payable solely as to both principal and interest from: (A) the revenues from a lease to the department, if any; (B) proceeds of bonds or notes, if any; or (C) investment earnings on proceeds of bonds or notes, if any. As added by P.L.246-2005, SEC.83.