Legislation
SECTION 2642-R
State, participating counties, and municipalities not liable for obligations of authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 28-AA
§ 2642-r. State, participating counties, and municipalities not liable
for obligations of authority. 1. Neither the state, the participating
counties, nor any municipality or public corporation shall be liable on
any bond, note or other obligation of the authority, and such bonds,
notes or other obligations shall not be debts of the state, the
participating counties, nor any municipality or public corporation, and
such bonds, notes or other obligations shall contain a statement to such
effect.
2. Nothing in this title shall be construed to obligate the state in
any way in connection with the operations and obligations of the
authority.
for obligations of authority. 1. Neither the state, the participating
counties, nor any municipality or public corporation shall be liable on
any bond, note or other obligation of the authority, and such bonds,
notes or other obligations shall not be debts of the state, the
participating counties, nor any municipality or public corporation, and
such bonds, notes or other obligations shall contain a statement to such
effect.
2. Nothing in this title shall be construed to obligate the state in
any way in connection with the operations and obligations of the
authority.