§ 1020-L — State and municipalities not liable on bonds or notes

* § 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 § 1020-l's\n