N.Y. Public Authorities Law Section 1470-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. * NB City of Rome Parking Authority ceased to exist 12/31/2000 per § 1470-b, and thereafter until all liabilities have been met/discharged, and all bonds paid/discharged

Source: Section 1470-N — Tax contract by the state, https://www.­nysenate.­gov/legislation/laws/PBA/1470-N (updated Sep. 22, 2014; accessed Jul. 6, 2024).

Jul. 6, 2024

Last modified:
Sep. 22, 2014

§ 1470-N’s source at nysenate​.gov

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