Public Authorities Law § 2713 · Title 29. Development Authority of the North Country Act
Exemption from taxation of bonds
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 2713. Exemption from taxation of bonds. It is hereby determined that the creation of the authority is in all respects for the benefit of the people of the state and for the improvement of their health, safety, welfare, comfort and security, and that said purposes are public purposes and that the authority will be performing an essential governmental function in the exercise of the powers conferred upon it by this title. The state covenants with the purchasers and all subsequent holders and transferees of bonds issued by the authority, 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 and all its fees, charges, gifts, grants, revenues, receipts, and other moneys received or to be received, pledged to pay or secure the payment of such bonds shall at all times be free from taxation except for estate or gift taxes and taxes on transfers.
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/PBA2713
- Text hash
- sha256 19af34fceb87ca67c0c233a5ddf297a2ef02ba143a86ca6ba4204e4fdac30874
- 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
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