New York Statutes

§ 1230-O — State, city, water board or municipality, other than the authority, not liable on authority bonds

New York·Law PBA Public Authorities·Title 10-B Niagara Falls Public Water Authority·Art. 5 Public Utility Authorities
§ 1230-o. State, city, water board or municipality, other than the\nauthority, not liable on authority bonds. Neither the state, the city,\nthe water board nor any municipality, other than the authority, shall be\nliable on the bonds of the authority and such bonds shall not be a debt\nof either the state, the water board, the city or any municipality, and\neach such bond shall contain, on the face thereof, a statement to such\neffect.\n

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