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State, may properly and legally invest funds, including capital, in | | the control of or belonging to those investors.__The securities are | | also, by this Act, made securities that may properly and legally be | | deposited with and received by public officers and bodies of the | | State or any agency or political subdivision of the State and | | municipalities and public corporations for any purpose for which | | the deposit of securities of bonds or other obligations of the | | State may be authorized by law. |
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| | | A member of the board may not participate in any decision on | | any contract entered into by the board under this Act if that | | member has any interest, direct or indirect, in any firm, | | partnership, corporation or association that may be party to the | | contract.__The interest must be disclosed to the board in writing | | and must be set forth in the minutes of the board. |
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| | | §6431.__Actions against board |
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| | | A member of the board, while acting within the scope of the | | authority of this Act, may not be subject to any personal | | liability resulting from the exercise of any of the board's | | purposes or powers. |
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| | | §6432.__Contract of State |
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| | | The State pledges and agrees with the holders of securities | | that the State will not limit or alter the rights vested in the | | board to acquire, construct, reconstruct, equip and operate a | | project, projects or part of any project and related facilities; | | to establish and collect fees, charges, rentals and other charges | | referred to in this Act; and to fulfill the terms of any | | agreements made with the holders of the securities.__The State | | also pledges and agrees that it will not impair the rights and | | remedies of the holders of securities until the securities, | | together with interest on securities, interest on any unpaid | | installments on interest and all costs and expenses in connection | | with any action or proceeding by or on behalf of the holders of | | securities are fully met and discharged. |
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| | | §6433.__Credit of State not pledged |
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| | | Securities issued under this Act do not constitute or create | | any debt or debts, liability or liabilities on behalf of the | | State or of any political subdivision of the State other than the | | board or a loan of the credit of the State or a pledge of the | | faith and credit of the State or of any political subdivision | | other than the board, but are payable solely from the funds | | provided for that payment.__ | | A security issued under this Act must |
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