ยง 1961. State and city not liable on bonds. The bonds and other
obligations of the authority shall not be a debt of the state or of the
city, and neither the state nor the city shall be liable thereon, nor
shall they be payable out of any funds other than those of the
authority.
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 11 - Troy Industrial Development Authority
1952 - Troy Industrial Development Authority.
1952-A - Video Recordings of Open Meetings and Public Hearings.
1953 - Purpose and Powers of the Authority.
1953-A - Additional Prerequisites to the Provision of Financial Assistance.
1954 - Civil Service Status of Officers and Employees.
1954-A - Conflicts of Interest.
1955-A - Compensation Procurement and Investment.
1956 - Construction and Purchase Contracts.
1957 - Moneys of the Authority.
1958 - Bonds of the Authority.
1959 - Notes of the Authority.
1960 - Agreements of the City and State.
1961 - State and City Not Liable on Bonds.
1962 - Bonds Legal Investments for Public Officers.
1963-A - Uniform Tax Exemption Policy.
1964 - Tax Contract by the State.
1965 - Remedies of Bondholders.
1966 - Actions Against the Authority.
1967 - Termination of the Authority.
1968 - Title Not Affected if in Part Unconstitutional or Ineffective.