Public Authorities Law § 1621-o · Title 21. Middletown Parking 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)
* § 1621-o. Tax contract by the state. The state of New York 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 or notes, that the bonds or notes 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 or notes, shall at all times be free from taxation except for estate taxes and taxes on transfers by or in contemplation of death.
* NB Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)
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/PBA1621-O
- Text hash
- sha256 7e69d62fb90e2587a89df386ca05b6dd338302f6474fdb54c12304c0aa0d6ee8
- 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- The Senate's note "Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)" is printed with the text.
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.