§ 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.
Structure New York Laws
ACA - Arts and Cultural Affairs
Title E - New York State Cultural Resources Act
Article 20 - New York State Cultural Resources Act
20.05 - Legislative Findings and Determinations, and Statement of Purposes.
20.07 - Creation and Purposes of a Trust.
20.09 - Administration of a Trust.
20.11 - General Powers of a Trust.
20.13 - Special Powers of a Trust.
20.17 - Bonds and Notes of a Trust.
20.19 - Security for Bonds or Notes.
20.23 - State's Right to Require a Redemption of Bonds.
20.25 - Remedies of Bondholders and Noteholders.
20.27 - State and Municipalities Not Liable on Bonds and Notes.
20.29 - Agreement of the State.
20.31 - Bonds and Notes as Legal Investments.
20.33 - Exemption From Taxation.
20.35 - Actions by and Against a Trust.
20.37 - Cooperation With the State, Counties and Municipalities.
20.39 - Annual and Other Reports.