Section 1106-J. Liability on obligations


Latest version.
  • 1. Except for obligations which
      the corporation assumes by contract for the construction, rehabilitation
      and development period of any project, neither the corporation, the  New
      York  state  housing  finance  agency  nor  the  state  shall  have  any
      responsibility or liability as to construction, rehabilation, operation,
      maintenance, repair or use of  projects  unless  otherwise  specifically
      provided by law.
        2.  Any  contract  entered  into  pursuant to this section between the
      corporation and an eligible applicant, or eligible owner  of  a  project
      shall cite and set forth subdivision one of this section.