Legislation

Search OpenLegislation Statutes

previous
  • SECTION 509-A
    Capital acquisition fund
    • up
  • ARTICLE 5
    Regional Off-track Betting Corporations
    • next
  • SECTION 511
    State's right to require redemption of bonds
    • Viewing most recent revision (from 2014-09-22)

    SECTION 510

    State and participating counties not liable on bonds and notes

    Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 5

    § 510. State and participating counties not liable on bonds and notes.
    The bonds, notes or other obligations of a corporation shall not be a
    debt of either the state of New York or of any participating county and
    neither the state nor any county shall be liable thereon, nor shall they
    be payable out of any funds other than those of the corporation.