[§201H-37]  Exemption from tax on income and
obligations.  Income earned and obligations issued by a nonprofit entity
determined to constitute a "public housing agency" pursuant to
Section 3(6) of the United States Housing Act of 1937, as amended, and which
income and obligations are declared by the United States Department of Housing
and Urban Development to be exempt from all taxation imposed by the United
States pursuant to Section 11(b) of the Act, shall be exempt from all taxation
now or hereafter imposed by the State. [L 2006, c 180, pt of §3]