2015 New York Laws
PBA - Public Authorities
Article 5 - PUBLIC UTILITY AUTHORITIES
Title 10 - (1226-A - 1226-Z) UPPER MOHAWK VALLEY REGIONAL WATER FINANCE AUTHORITY
1226-N - State, water board or municipality, other than the authority, not liable on authority bonds.

NY Pub Auth L § 1226-N (2015) What's This?

1226-n. State, water board or municipality, other than the authority, not liable on authority bonds. Neither the state, 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 or any municipality, and each such bond shall contain, on the face thereof, a statement to such effect.


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