N.Y. Public Authorities Law § 1599-ooo: Tax contract by the state

* § 1599-ooo. 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 and 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 Authority ceased to exist 06/01/1976

* NB There are 2 § 1599-ooo's