Legislation

Search OpenLegislation Statutes

previous
  • SECTION 1196-G
    Remedies of bondholders
    • up
  • TITLE 8-A
    New York State Local Water and Sewer Authority Act
    • next
  • SECTION 1196-I
    Moneys of an authority
    • This entry was published on 2014-09-22
    NOTE: The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.

    SECTION 1196-H

    State and municipalities not liable on authority bonds

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 8-A

    § 1196-h. State and municipalities not liable on authority bonds.
    Neither the state nor any municipality shall be liable on the bonds of
    an authority and such bonds shall not be a debt of the state or of any
    municipality.