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N.Y. ACA Law § 20.27

This is the official text of N.Y. ACA Law § 20.27, part of New York’s ACA Law — part of the compiled statutory law of New York, published by the state as "ACA Law." Browse the sections below, each linked to its official government source.

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State and municipalities not liable on bonds and notes

Official statutory text

§ 20.27. State and municipalities not liable on bonds and notes. The\nbonds, notes and other obligations of the trust shall not be a debt of\nthe state or of any municipality or county in the state, and neither the\nstate nor any municipality or county shall be liable thereon.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.