(2) Any purchase and sale agreement entered into pursuant to subdivision one of this section shall provide that the obligation of the municipality executing such purchase and sale agreement to fund or pay the amounts therein provided for shall not constitute a debt of such municipality within the meaning of any constitutional or statutory provision and shall be deemed executory only to the extent of moneys available and that no liability shall be incurred by such municipality beyond the moneys available for such purpose, and that any such payment obligation of such municipality other than the timely payment of any moneys collected by it and due to the agency or its tax lien entity as a result of the redemption of tax liens which are the subject of such purchase and sale agreements, is subject to appropriation by the appropriate legislative body of such municipality.
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