Laws of New York (Last Updated: November 21, 2014) |
PBA Public Authorities |
Article 4. MARKET AUTHORITIES |
Title 5. LONG ISLAND MARKET AUTHORITY |
Section 908. State and county not liable on authority bonds
Latest version.
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1. The state shall not be liable on the bonds or notes of the authority 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. 2. The county shall not be liable on the bonds or notes of the authority and such bonds or notes shall not be a debt of the county, and such bonds and notes shall contain on the face thereof a statement to such effect or a statement describing the county liability thereon, if any.