N.Y. PBA Law § 1807
This is the official text of N.Y. PBA Law § 1807, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.
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Exemption from taxation of bonds and notes of the authority
Official statutory text
§ 1807. Exemption from taxation of bonds and notes of the authority.\nThe state covenants with the purchasers and with all subsequent holders\nand transferees of bonds and notes issued by the authority pursuant to\nthis title, in consideration of the acceptance of and payment for the\nbonds and notes, that the bonds and notes of the authority issued\npursuant to this title and the income therefrom, and all moneys, funds\nand revenues pledged to pay or secure the payment of such bonds shall at\nall times be free from taxation, except for estate and gift taxes and\ntaxes on transfers.\n
Status: in_force · Read it on the official government site
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