There is a newer version of the New York Consolidated Laws
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2015 New York Laws
PBA - Public Authorities
Article 5 - PUBLIC UTILITY AUTHORITIES
Title 1-A - (1020 - 1020-KK) LONG ISLAND POWER AUTHORITY
1020-L - State and municipalities not liable on bonds or notes.

NY Pub Auth L § 1020-L (2015) What's This?
*  1020-l. State and municipalities not liable on bonds or notes. The
  bonds,  notes and other obligations of the authority shall not be a debt
  of the state or of any municipality,  and  neither  the  state  nor  any
  municipality  shall  be liable thereon. The authority shall not have the
  power to pledge the credit, the revenues or  the  taxing  power  of  the
  state  or  of any municipality, and neither the credit, the revenues nor
  the taxing power of the state or of any municipality shall be, or  shall
  be  deemed  to  be,  pledged to the payment of any bonds, notes or other
  obligations of the authority.  Each  evidence  of  indebtedness  of  the
  authority, including the bonds and notes of the authority, shall contain
  a clear and explicit statement of the provisions of this section.

* NB There are 2  1020-l's

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.