Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - PUBLIC AUTHORITIESArticle 7 - PARKING AUTHORITIES
Title 11 - CITY OF YONKERS PARKING AUTHORITY
Section 1596-N - Tax contract by the state

N.Y. Pub. Auth. Law § 1596-N

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Current through 2024 NY Law Chapter 553
Section 1596-N - Tax contract by the state

The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds issued by the authority pursuant to this title, in consideration of the acceptance of and payment for the bonds, that the bonds of the authority issued pursuant to this title and the income therefrom, and all moneys, funds and revenues pledged to pay or secure the payment of such bonds, shall at all times be free from taxation except for estate taxes and taxes on transfers by or in contemplation of death.

N.Y. Pub. Auth. Law § 1596-N