Statutes > New York Statutes > 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.

1226-N - State, water board or municipality, other than the authority, not liable on authority bonds.

§   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.