Laws of New York (Last Updated: November 21, 2014) |
PBA Public Authorities |
Article 10-C. NEW YORK HEALTH CARE CORPORATIONS |
Title 5. CLIFTON-FINE HEALTH CARE CORPORATION |
Section 3610. State and towns not liable on corporation bonds
Latest version.
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(a) The state shall not be liable on the bonds or notes of the corporation and such bonds or notes shall not be a debt of the state, and such bonds and notes shall contain on the face thereof a statement to such effect. (b) Except as may be authorized by the town pursuant to section seven of article seventeen of the state constitution and section thirty-six hundred eight of this title, the town shall not be liable on the bonds or notes of the corporation and such bonds or notes shall not be a debt of the town, and such bonds and notes shall contain on the face thereof a statement to such effect or a statement describing the town liability thereon, if any.