Public Authorities Law § 1037 · Title 2. Albany Light, Heat and Power Authority
State and county not liable on bonds
Verbatim from the official edition
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
* § 1037. State and county not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state or of the county, and, subject to section one thousand forty-one, the board shall have no power to make them payable out of any funds except those of the authority.
* NB Terminated July 1, 1963
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA1037
- Text hash
- sha256 5455307f24143702b76d737ddff9c97dcf8136b94eebea6b9e7f1d50c1b2426f
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
- The Senate's note "Terminated July 1, 1963" is printed with the text.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.