FEDERAL HIGHWAY GRANT ANTICIPATION BONDS
228-A:8 Bonds Not General Obligations.
Except as provided in the following sentence, bonds issued under the provisions of this chapter shall not be general obligations of the state for which its full faith and credit is pledged, nor shall they be payable out of any funds other than the funds provided therefor in this chapter, nor shall they be deemed debt of the state in determining its borrowing capacity under any applicable law. Notwithstanding the foregoing, the general court may from time to time authorize the use of any other funds of the state to pay any portion of bonds issued under the provisions of this chapter.
Source. 2005, 58:1, eff. July 1, 2005.