Laws of New York (Last Updated: November 21, 2014) |
PBA Public Authorities |
Article 5. PUBLIC UTILITY AUTHORITIES |
Title 10-B. NIAGARA FALLS PUBLIC WATER AUTHORITY |
Section 1230-O. State, city, water board or municipality, other than the authority, not liable on authority bonds
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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.