Legislation
SECTION 2490-K
State, city and municipalities not liable on authority bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 21
§ 2490-k. State, city and municipalities not liable on authority
bonds. Neither the state, the city 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 city 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 city 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 city or any other municipality or
public corporation, and such bonds shall contain on the face thereof a
statement to such effect.