Legislation
SECTION 2053-L
State, county and municipalities not liable on bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 13-M
§ 2053-l. State, county and municipalities not liable on bonds.
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.
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.