§ 3343 Bond Issuer Liability Protection

• •People who sign or approve bonds for the authority can't be personally blamed if something goes wrong with the bonds.
• •If the bonds cause problems, the people who issued them won't have to pay from their own money.
• •This rule is there to protect the people doing this job so they don’t get in trouble later.

Imagine a group of people in charge of selling bonds to build a new school. Later, the school project runs out of money and can’t pay back the bonds.

The people who signed off on the bonds can’t be forced to pay the money back from their own pockets. They are protected by this law.