Section 8759A - Limitation on liability of State(a) Bonds, other than state guaranteed bonds, issued pursuant to this subchapter shall not constitute a debt of the State or any political subdivision or any agency thereof, or a pledge of the full faith and credit or taxing power of the State or any political subdivision or any agency thereof, and shall not obligate the State or the Authority to make any appropriation for their payment.(b) All bonds, other than state guaranteed bonds, shall contain on the face thereof a statement to the following effect: "Neither the faith and credit nor the taxing power of the State is pledged to the payment of the principal of, premium, if any, or interest on this bond, nor is the State or the Delaware Economic Development Authority in any manner obligated to make any appropriation for payment thereof."
(c) State guaranteed bonds shall be a debt of the State. Added by Laws 2017, ch. 49,s 1, eff. 7/1/2017.