Laws of New York (Last Updated: November 21, 2014) |
GMU General Municipal |
Article 18-A. INDUSTRIAL DEVELOPMENT |
Title 1. AGENCIES, ORGANIZATION AND POWERS |
Section 870. State and municipality not liable on bonds or notes
Latest version.
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The bonds or notes and other obligations of the authority shall not be a debt of the state or of the municipality, and neither the state nor the municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the agency.