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0 Secton 9. Limitation. --No housing finance authority shall finance the acquisition, construction, reconstruction, or rehabilitation of any qualifying housing development for its own profit or as a source of revenue to the state or any local governmental unit. Section 10. No power of eminent domain. --No housing finance authority shall have the power to acquire any real property by the exercise of the power of eminent domain to accomplish any of the purposes specified in this act. Section 11. Planning, zoning, and building laws. --Each qualifying housing development shall be subject to the planning, zoning, health, and building laws, ordinances, and regulations applicable to the place in which such qualifying housing development is situate. Section 12. Bonds. -- (1) A housing finance authority may issue revenue bonds from time to time in the discretion of the housing finance authority for the purposes of this act. A housing finance authority may also issue refunding bonds for the purpose of paying, retiring, or refunding bonds previously issued by it. A housing finance authority may issue such types of bonds as it may determine; provided that the principal and interest on such bonds are payable solely and only from: (a) The repayment of any loans made by the housing finance authority pursuant to the provisions of section 8 or purchased by the housing finance authority pursuant to section 8; or (b) The sale of any housing loans or commitments to purchase housing loans which are purchased pursuant to section 8. (2) Any bonds issued pursuant to the provisions of this act shall be secured by a mortgage or other security device. (3) In no event shall any bonds issued pursuant to the provisions of this act be payable from the general revenues of the housing finance author- ity. (4) Neither the members of a housing finance authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. The bonds issued pursuant to the provisions hereof, and the bonds shall so state on their face, shall not be a debt of the county or the state, or any political subdivision thereof; and neither the county, nor any state or political subdivision thereof, shall be liable thereon; nor in any event shall such bonds or obligations be payable out of any funds or proper- ties other than those of the housing finance authority.