Sec. 454.028. OBLIGATION OF TRANSPORTATION SYSTEM NOT MUNICIPAL DEBT. (a) An obligation of a mass transportation system: (1) is not a debt of the municipality; (2) is solely a charge on the property, including the pledged revenue, of the encumbered system; and (3) may not be included in determining the power of the municipality to issue any bonds or notes for any purpose authorized by law. (b) A municipality may make payments on bonds or notes issued under this chapter out of any other funds that lawfully may be used for that purpose.
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