N.Y. Public Authorities Law 884 – State and counties not liable on bonds
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§ 884. State and counties not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state or of any county or counties, and the board shall have no power to make them payable out of any moneys except those of the authority.
Terms Used In N.Y. Public Authorities Law 884
- authority: shall mean the corporation created by section eight hundred seventy-eight of this title. See N.Y. Public Authorities Law 876
- board: shall mean the members of the authority. See N.Y. Public Authorities Law 876
- bonds: shall mean bonds issued by the authority pursuant to this title. See N.Y. Public Authorities Law 876
- county: shall mean a county wholly or partly within the district. See N.Y. Public Authorities Law 876