Statutes > New York Statutes > PBA - Public Authorities > Article 5 - PUBLIC UTILITY AUTHORITIES > Title 6-B - (1120 - 1120-X) CLIFTON PARK WATER AUTHORITY > 1120-J - State and town not liable on authority bonds.

1120-J - State and town not liable on authority bonds.

§  1120-j.  State  and town not liable on authority bonds. Neither the  state nor the town shall be liable on the bonds  of  the  authority  and  such bonds shall not be a debt of the state, or the town, and such bonds  shall contain, on the face thereof, a statement to such effect.