N.Y. Public Authorities Law Section 2050-JJ
State, towns and municipalities not liable on authority bonds


Neither the state, the towns nor any other municipality or public corporation shall be liable on the bonds of the authority and such bonds shall not be a debt of the state, the towns or any other municipality or public corporation, and such bond shall contain on the face thereof, a statement to such effect.

Source: Section 2050-JJ — State, towns and municipalities not liable on authority bonds, https://www.­nysenate.­gov/legislation/laws/PBA/2050-JJ (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 2050-JJ’s source at nysenate​.gov

Link Style