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This entry was published on 2014-09-22
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State and town not liable on authority bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 6-B
§ 1120-j. State and town not liable on authority bonds. Neither the
state nor the town shall be liable on the bonds of the authority and
such bonds shall not be a debt of the state, or the town, and such bonds
shall contain, on the face thereof, a statement to such effect.