State Codes and Statutes

Statutes > New-york > Pba > Article-8 > Title-14-a > 2085

§  2085.  Tax  contract by the state. The state of New York convenants  with the purchasers and with all subsequent holders and  transferees  of  bonds,  notes  or  other obligations issued by the authority pursuant to  this title, in consideration of the acceptance of and payment  therefor,  that  the  bonds,  notes  or  other  obligations 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, notes  or other obligations shall at all times be free from taxation except for  transfer and estate taxes.

State Codes and Statutes

Statutes > New-york > Pba > Article-8 > Title-14-a > 2085

§  2085.  Tax  contract by the state. The state of New York convenants  with the purchasers and with all subsequent holders and  transferees  of  bonds,  notes  or  other obligations issued by the authority pursuant to  this title, in consideration of the acceptance of and payment  therefor,  that  the  bonds,  notes  or  other  obligations 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, notes  or other obligations shall at all times be free from taxation except for  transfer and estate taxes.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pba > Article-8 > Title-14-a > 2085

§  2085.  Tax  contract by the state. The state of New York convenants  with the purchasers and with all subsequent holders and  transferees  of  bonds,  notes  or  other obligations issued by the authority pursuant to  this title, in consideration of the acceptance of and payment  therefor,  that  the  bonds,  notes  or  other  obligations 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, notes  or other obligations shall at all times be free from taxation except for  transfer and estate taxes.