Public Authorities Law § 1020-n · Title 1-A. Green Island Power Authority
Tax contract by the state
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
* § 1020-n. Tax contract by the state. The state 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 that the bonds of the authority issued pursuant to this title and the income therefrom shall be exempt from such taxation, as aforestated in subdivision two of section one thousand twenty-m of this article, and that all moneys, funds and revenues pledged to pay or secure the payment of such bonds shall at all times be free from such taxation as aforestated in such subdivision.
* NB There are 2 § 1020-n's
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA1020-N%2A2
- Text hash
- sha256 224f67d8fad19245dc88fa6da418d8bd8cb80cf564e1ebbc77e807ab1bf50df2
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
- The Senate's note "There are 2 § 1020-n's": the Legislature enacted more than one unit under that number; each is printed.
- The Legislature enacted more than one section numbered 1020-n; this is number 2 as the Senate prints them.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.