22-21-325
Section 22-21-325 Obligations not debt of state, county or municipality. All agreements and
obligations undertaken, and all securities issued, by an authority shall be solely and exclusively
an obligation of the authority and shall not create an obligation or debt of the state, any
authorizing subdivision or any other county or municipality within the meaning of any constitutional
or statutory provision. The faith and credit of the state, any authorizing subdivision or
any other county or municipality shall never be pledged for the payment of any securities
issued by an authority; nor shall the state, any authorizing subdivision or any other county
or municipality be liable in any manner for the payment of the principal of or interest on
any securities of an authority or for the performance of any pledge, mortgage, obligation
or agreement of any kind whatsoever that may be undertaken by an authority. (Acts 1982, No.
82-418, p. 629, §16.)...
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14-2-24
Section 14-2-24 Obligations, bonds and notes not debt of state. All obligations incurred by
the authority and all bonds and notes issued by it shall be solely and exclusively an obligation
of the authority, payable solely from the revenues and income which may under the provisions
of this chapter be pledged to the payment thereof. No obligation incurred by the authority
and no bond or note issued by it shall create an obligation or debt of the state. (Acts 1965,
No. 678, p. 1226, §18; Acts 1967, Ex. Sess., No. 103, p. 131.)...
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41-10-430
Section 41-10-430 Contracts and obligations not debts of state. All contracts made and obligations
incurred by the authority shall be solely and exclusively obligations of the authority and
shall not create debts of the State of Alabama. (Acts 1990, No. 90-293, p. 396, §11.)...

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41-10-511
Section 41-10-511 Obligations, bonds and notes not debt of state. All obligations incurred
by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation
of the authority, payable solely from the sources which may under the provisions of this article
be pledged to the payment thereof. No obligation incurred by the authority and no bond or
note issued by it shall create an obligation or debt of the state. (Acts 1990, No. 90-603,
p. 1094, §22.)...
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11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, etc.;
dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
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45-39-221.05
Section 45-39-221.05 Obligations not debts of state, county or municipality. All agreements
and obligations undertaken by the tourism board shall be solely and exclusively obligations
of the tourism board and shall not create any obligation or debt of either the state, the
county, or any municipality. (Act 2014-267, p. 859, §6.)...
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41-10-402
Section 41-10-402 Liability upon contracts, obligations, etc., of authority. All contracts
made and obligations incurred by the authority shall be solely and exclusively obligations
of the authority and shall not create debts of the State of Alabama. (Acts 1989, No. 89-704,
p. 1402, §13.)...
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34-21-126
Section 34-21-126 Interstate Commission of Nurse Licensure Compact Administrators. (a) The
party states hereby create and establish a joint public entity known as the Interstate Commission
of Nurse Licensure Compact Administrators. (1) The commission is an instrumentality of the
party states. (2) Venue is proper, and judicial proceedings by or against the commission shall
be brought solely and exclusively, in a court of competent jurisdiction where the principal
office of the commission is located. The commission may waive venue and jurisdictional defenses
to the extent the commission adopts or consents to participate in alternative dispute resolution
proceedings. (3) Nothing in this compact shall be construed to be a waiver of sovereign immunity.
(b) Membership, voting, and meetings. (1) Each party state shall have and be limited to one
administrator. The head of the state licensing board for each party state, or his or her designee,
shall be the administrator of this compact for that...
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41-10-755
Section 41-10-755 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds for the purpose of providing funds to be transferred to
and deposited in the Alabama Trust Fund and the Rainy Day Account, to provide additional funds
to the Alabama Medicaid Agency, for paying the costs of transportation projects, and for the
purpose of refunding any or all of the authority's outstanding bonds. (b) Sources of payment.
Bonds issued by the authority shall be solely and exclusively an obligation of the authority
and shall not create an obligation or debt of the state. Such bonds shall not be general obligations
of the authority but shall be payable solely from one or more of the following sources: (1)
Appropriated funds. (2) The income or proceeds realized by the authority under any mortgage
or security granted to the authority. (3) Amounts derived from any letter of credit, insurance
policy, or other form of credit enhancement applicable to...
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41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds in limited amounts and for the purpose of promoting economic
development and industrial recruitment as specified by the Legislature from time to time by
separate act, provided that refunding bonds may be issued by the authority pursuant to Section
41-10-627 without first obtaining separate authorization from the Legislature. (b) Sources
of payment. Bonds issued by the authority shall be solely and exclusively an obligation of
the authority and shall not create an obligation or debt of the state. Such bonds shall not
be general obligations of the authority but shall be payable solely from one or more of the
following sources: (1) Appropriated funds. (2) The income or proceeds realized by the authority
under any mortgage or security granted to the authority. (3) Amounts derived from any letter
of credit, insurance policy, or other form of credit enhancement...
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