New York § 583 State and county not liable on bonds or notes

New York Statutes

§ 583 — State and county not liable on bonds or notes

New York·Law PBA Public Authorities·Title 4 Thousand Islands Bridge Authority·Art. 3 Bridge and Tunnel Authorities

  § 583. State and county not liable on bonds or notes. The bonds,\nnotes, and other obligations of the authority shall not be a legal or\nmoral debt of the state, nor a legal debt of the county, and neither the\nstate nor the county shall be liable thereon, nor shall the same be\npayable out of any funds other than those of the authority, unless the\ncounty voluntarily and formally assumes liability therefor. No recent\naction by the state in recognizing any legal or moral obligation for any\nindebtedness of any other authority shall in any way be construed as\ncreating any liability for any indebtedness of this authority.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 583. State and county not liable on bonds or notes. The bonds,\nnotes, and other obligations of the authority shall not be a legal or\nmoral debt of the state, nor a legal debt of the county, and neither the\nstate nor the county shall be liable thereon, nor shall the same be\npayable out of any funds other than those of the authority, unless the\ncounty voluntarily and formally assumes liability therefor. No recent\naction by the state in recognizing any legal or moral obligation for any\nindebtedness of any other authority shall in any way be construed as\ncreating any liability for any indebtedness of this authority.\n

New York § 583 (State and county not liable on bonds or notes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.