2025 Session
Last amended: 1984 session
§ 16A.675 — Persons Executing Obligations Not Liable
Plain-Language Summary
Creates the maximum effort school loan fund for property-poor school districts.
16A.675 PERSONS EXECUTING OBLIGATIONS NOT LIABLE.
No officer or other person executing state bonds or certificates is liable personally on them or accountable by reason of issuing them.
History:
1977 c 410 s 7; 1984 c 597 s 39; 1984 c 628 art 2 s 1; art 6 s 1
History: History: 1977 c 410 s 7; 1984 c 597 s 39; 1984 c 628 art 2 s 1; art 6 s 1
Practical Notes
Helps school districts with low property values finance school construction.