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  • SECTION 1960
    Agreements of the city and state
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  • TITLE 11
    Troy Industrial Development Authority
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  • SECTION 1962
    Bonds legal investments for public officers
    • Viewing most recent revision (from 2014-09-22)

    SECTION 1961

    State and city not liable on bonds

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 11

    § 1961. State and city not liable on bonds. The bonds and other
    obligations of the authority shall not be a debt of the state or of the
    city, and neither the state nor the city shall be liable thereon, nor
    shall they be payable out of any funds other than those of the
    authority.