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  • SECTION 1036
    Referendum
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  • TITLE 2
    Albany Light, Heat and Power Authority
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  • SECTION 1038
    When bonds legal investments for fiduciaries
    • This entry was published on 2014-09-22
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    SECTION 1037

    State and county not liable on bonds

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 2

    * § 1037. State and county not liable on bonds. The bonds and other
    obligations of the authority shall not be a debt of the state or of the
    county, and, subject to section one thousand forty-one, the board shall
    have no power to make them payable out of any funds except those of the
    authority.

    * NB Terminated July 1, 1963