New York Public Authorities Law Section 1230-O - State, city, water board or municipality, other than the authority, not liable on authority bonds.

1230-o. State, city, water board or municipality, other than the authority, not liable on authority bonds. Neither the state, the city, the water board nor any municipality, other than the authority, shall be liable on the bonds of the authority and such bonds shall not be a debt of either the state, the water board, the city or any municipality, and each such bond shall contain, on the face thereof, a statement to such effect.


Last modified: February 3, 2019