Legislation
SECTION 1147-M
State, county and municipalities not liable on bonds of the authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 6-D
§ 1147-m. State, county and municipalities not liable on bonds of the
authority. Neither the state, county nor any other municipality or
public corporation shall be liable on the bonds of the authority and
such bonds shall not be a debt of the state, county or any other
municipality or public corporation, and such bonds shall contain, on the
face thereof, a statement to such effect.
authority. Neither the state, county nor any other municipality or
public corporation shall be liable on the bonds of the authority and
such bonds shall not be a debt of the state, county or any other
municipality or public corporation, and such bonds shall contain, on the
face thereof, a statement to such effect.