New York Statutes
§ 2441 — State and municipalities not liable on bonds and notes
New York·Law PBA Public Authorities·Title 18 State of New York Municipal Bond Bank Agency Act·Art. 8 Miscellaneous Authorities
§ 2441. State and municipalities not liable on bonds and notes. The\nbonds, notes, tax lien collateralized securities and other obligations\nof the agency and its tax lien entity shall not be a debt of the state\nof New York or of any municipality, and neither the state nor any\nmunicipality shall be liable thereon, nor shall they be payable out of\nany funds other than those of the agency pledged therefor and such\nbonds, notes, tax lien collateralized securities and other obligations\nshall contain on the face thereof a statement to such effect.\n
Free access — add to your briefcase to read the full text and ask questions with AI
New York § 2441 (State and municipalities not liable on bonds and notes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 2400
Short title§ 2401
Legislative findings§ 2402
Definitions§ 2404
Powers of the agency§ 2405-A
Education loans§ 2405-C
Purchase of new housing loans§ 2405-D
Lease-to-own program§ 2407
Bond limits