New York § 908 State and county not liable on authority bonds

New York Statutes

§ 908 — State and county not liable on authority bonds

New York·Law PBA Public Authorities·Title 5 Long Island Market Authority·Art. 4 Market Authorities

§ 908. State and county not liable on authority bonds.

1.The state\nshall not be liable on the bonds or notes of the authority and such\nbonds or notes shall not be a debt of the state, and such bonds and\nnotes shall contain on the face thereof a statement to such effect.\n 2. The county shall not be liable on the bonds or notes of the\nauthority and such bonds or notes shall not be a debt of the county, and\nsuch bonds and notes shall contain on the face thereof a statement to\nsuch effect or a statement describing the county liability thereon, if\nany.\n

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§ 908. State and county not liable on authority bonds. 1. The state\nshall not be liable on the bonds or notes of the authority and such\nbonds or notes shall not be a debt of the state, and such bonds and\nnotes shall contain on the face thereof a statement to such effect.\n 2. The county shall not be liable on the bonds or notes of the\nauthority and such bonds or notes shall not be a debt of the county, and\nsuch bonds and notes shall contain on the face thereof a statement to\nsuch effect or a statement describing the county liability thereon, if\nany.\n

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