Bill Cosby will not face sexual assault charges in Atlantic City levied against him by a former "Cosby Show" actress.

According to the Press of Atlantic City, the state of New Jersey does not have statute of limitations on rape allegations; however, that only dates to 1996, following a change in the law. The accusations made against the famed comedian predate that change.

Actress Lili Bernard recently stepped forward to claim Cosby drugged and raped her more than two decades ago and met with Atlantic City police for at least five hours to lay out her case after retaining the services of high-profile attorney Gloria Allred.

Bernard appeared on the "Cosby Show" during its final season in 1992, playing the role of "zany and pregnant" schoolteacher Mrs. Minnifield.

"Whatever (Bernard) was claiming was far beyond the applicable statute of limitations," said Cosby attorney Ed Jacobs. "That was my legal analysis and the analysis of the Atlantic County prosecutor."

Allred raged "statute of limitations" now appear to have become one of Cosby's favorite phrases.

"He and his lawyers throw them out whenever they can, while Mr. Cosby continues to thumb his nose at the many alleged victims who have accused him of violating their trust and their bodies," she said.

In recent months, dozens of women have come forward to allege similar treatment at the hands of Cosby, only to have many of their accusations likewise dismissed on the grounds that the attacks have exceeded time limits stipulating when criminal charges can be filed.

Earlier this year, 77-year-old Cosby briefly talked with ABC News about the situation.

"I think that many of them may say, 'Well, you are a hypocrite. You say one thing, you say another,'" he said. "My point is, 'OK, listen to me carefully. I'm telling you where the road is out. I'm telling you where, as you drive, you are going to go into the water. Now, you want to go here or you want to be concerned about who is giving you the message?'"