N.Y. Public Authorities Law 1368 – State, city and town not liable on bonds
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§ 1368. State, city and town not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state of New York, of the city or of the town, and neither the state, the city, nor the town shall be liable thereon, nor shall they be payable out of any funds other than those of the authority.
Terms Used In N.Y. Public Authorities Law 1368
- authority: shall mean the corporation created by section thirteen hundred fifty-three of this title. See N.Y. Public Authorities Law 1351
- bonds: shall mean bonds issued by the authority pursuant to this title. See N.Y. Public Authorities Law 1351
- city: shall mean the city of Oswego. See N.Y. Public Authorities Law 1351
- town: shall mean the town of Scriba, Oswego county. See N.Y. Public Authorities Law 1351