Bonds or notes not a debt of the state

Sec. 4. The bonds or notes issued under this chapter: (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; (C) investment earnings on proceeds of bonds or notes; or (D) other funds available to the authority for such purpose. As added by P.L.47-2006, SEC.40.