Legislation
SECTION 2041-I
State, county and municipalities not liable on authority bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 13-AA
§ 2041-i. State, county and municipalities not liable on authority
bonds. Neither the state, the participating counties 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, the
participating counties or any other municipality or public corporation,
and such bonds shall contain on the face thereof a statement to such
effect.
bonds. Neither the state, the participating counties 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, the
participating counties or any other municipality or public corporation,
and such bonds shall contain on the face thereof a statement to such
effect.