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of compensation or repayment of Federal advances and interest due
on them or refunding or redeeming of prior bonds.
(4) Participation of an industrial and commercial development authority
is not required to finance the payment of compensation or repayment
of Federal advances and interest due on them.
(c)Debt or liability.--#
(c) Debt or liability.--
(1) Bonds issued under this article shall not be a debt or liability of
the Commonwealth and shall not create or constitute any
indebtedness, liability or obligation of the Commonwealth.
(2) Bond obligations and bond administrative expenses shall be payable
solely from revenues or funds pledged or available for their
repayment as authorized in this article. This paragraph includes the
proceeds of any issuance of bonds.
(3) Each bond must contain on its face a statement that:
(i)the authority is obligated to pay the principal of the…#
(i) the authority is obligated to pay the principal of the bond or the
interest on the bond only from funds made available under this
article;