870 – State and Municipality Not Liable on Bonds or Notes.

§  870. State and municipality not liable on bonds or notes. The bonds
  or notes and other obligations of the authority shall not be a  debt  of
  the  state  or  of  the  municipality,  and  neither  the  state nor the
  municipality shall be liable thereon, nor shall they be payable  out  of
  any funds other than those of the agency.