New York Statutes
§ 1020-L — State and municipalities not liable on bonds or notes
New York § 1020-L
JurisdictionNew York
Law PBAPublic Authorities
Title 1-ALong Island Power Authority
Art. 5Public Utility Authorities
This text of New York § 1020-L (State and municipalities not liable on bonds or notes) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Public Authorities § 1020-L (2026).
Text
* § 1020-l. State and municipalities not liable on bonds or notes. The\nbonds, notes and other obligations of the authority shall not be a debt\nof the state or of any municipality, and neither the state nor any\nmunicipality shall be liable thereon. The authority shall not have the\npower to pledge the credit, the revenues or the taxing power of the\nstate or of any municipality, and neither the credit, the revenues nor\nthe taxing power of the state or of any municipality shall be, or shall\nbe deemed to be, pledged to the payment of any bonds, notes or other\nobligations of the authority. Each evidence of indebtedness of the\nauthority, including the bonds and notes of the authority, shall contain\na clear and explicit statement of the provisions of this section.\n * NB There are 2 §
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Nearby Sections
15
§ 1020
Short title§ 1020*2
Short title§ 1020-A*2
Definitions§ 1020-AA
Conflicts of interest§ 1020-B
Definitions§ 1020-B*2
Green Island power district§ 1020-BB
Exculpation§ 1020-C*2
Green Island power authority§ 1020-D
Board of trustees§ 1020-D*2
Powers of the authority§ 1020-E
Officers and employees; expensesCite This Page — Counsel Stack
Bluebook (online)
New York § 1020-L, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PBA/1020-L.