Board members, officers, and employees of each authority authorized under this chapter shall be indemnified from liability asserted by any person on the bonds o r notes of the authority, or any personal liability or accountability by reason of: (1) The issuance of bonds, notes, or guarantees; (2) The acquisition, construction, ownership, or operation of any project funded in whole or part by the authority; or (3) Any other action taken or the failure to act by the authority.
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