ยง 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.
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 18 - State of New York Municipal Bond Bank Agency Act
2433 - State of New York Municipal Bond Bank Agency.
2435 - Loans to Municipalities.
2435-A - Special Program Agreements.
2435-B - Tax Lien Purchase and Sale Agreements.
2435-C - Purchase of Tax Liens.
2435-D - Special School Purpose Agreements.
2435-E - Special School Deficit Program Agreements.
2436-C - Local Public Safety Communications Bonds.
2437 - Bonds and Notes of the Agency.
2437-A - Tax Lien Collateralized Securities.
2439 - Reserve Funds and Appropriations.
2440 - Remedies of Bondholders and Noteholders.
2441 - State and Municipalities Not Liable on Bonds and Notes.
2442 - Agreement of the State.
2444 - Exemption From Taxation of Bonds, Notes and Tax Lien Collateralized Securities.
2445 - Bonds and Notes as Legal Investments for Public Officers and Fiduciaries.
2448 - Limitation of Liability.
2449 - Assistance by State Officers, Departments, Boards and Commissions.
2451 - Court Proceedings; Preferences; Venue.