Statute · New York Public Authorities Law
N.Y. Pub. Auth. Law § 2441 — State and municipalities not liable on bonds and notes
N.Y. Pub. Auth. Law § 2441
- Type
- Statute
- Source
- New York Public Authorities Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 2441. State and municipalities not liable on bonds and notes. The bonds, notes, tax lien collateralized securities and other obligations of the agency and its tax lien entity shall not be a debt of the state of New York or of any municipality, and neither the state nor any municipality shall…
Citator
N.Y. Pub. Auth. Law § 2441 — State and municipalities not liable on bonds and notes is in force in the current edition of the Code, and nothing recorded condemns it.
§ 2441. State and municipalities not liable on bonds and notes. The bonds, notes, tax lien collateralized securities and other obligations of the agency and its tax lien entity shall not be a debt of the state of New York or of any municipality, and neither the state nor any municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the agency pledged therefor and such bonds, notes, tax lien collateralized securities and other obligations shall contain on the face thereof a statement to such effect.