New York § 2441 State and municipalities not liable on bonds and notes

New York Statutes

§ 2441 — State and municipalities not liable on bonds and notes

New York § 2441

Law PBAPublic Authorities

Title 18State of New York Municipal Bond Bank Agency Act

Art. 8Miscellaneous Authorities

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Bluebook

N.Y. Public Authorities § 2441 (2026).

Text

  § 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

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§ 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