Statutes > New York Statutes > ACA - Arts and Cultural Affairs > Title E - NEW YORK STATE CULTURAL RESOURCES ACT > Article 20 - (20.01 - 20.47) NEW YORK STATE CULTURAL RESOURCES ACT > 20.27 - State and municipalities not liable on bonds and notes.

20.27 - State and municipalities not liable on bonds and notes.

§ 20.27. State  and municipalities not liable on bonds and notes.  The  bonds, notes and other obligations of the trust shall not be a  debt  of  the state or of any municipality or county in the state, and neither the  state nor any municipality or county shall be liable thereon.