Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - PUBLIC AUTHORITIESArticle 7 - PARKING AUTHORITIES
Title 21 - MIDDLETOWN PARKING AUTHORITY
Section 1621-O - [Expires Effective upon the occurrence of the events set forth in Public Authorities Law 1621-R] Tax contract by the state

N.Y. Pub. Auth. Law § 1621-O

Download
PDF
Current through 2024 NY Law Chapter 553
Section 1621-O - [Expires Effective upon the occurrence of the events set forth in Public Authorities Law 1621-R] Tax contract by the state

The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds or notes issued by the authority pursuant to this title, in consideration of the acceptance of and payment for the bonds or notes, that the bonds or notes 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 or notes, 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 § 1621-O

Added by New York Laws 2023, ch. 597,Sec. 1, eff. 10/25/2023, exp. upon the occurrence of the events set forth in Public Authorities Law 1621-R.
Repealed by New York Laws 2023, ch. 597,Sec. 1, eff. 10/25/2023.