* ยง 1039. Exemption from taxation. The real and personal property of
the authority shall be exempt from all taxation, and so shall all of its
activities and operations, except that the owners of its bonds and other
obligations shall be subject to transfer and estate taxes.
* NB Terminated July 1, 1963
Structure New York Laws
Article 5 - Public Utility Authorities
Title 2 - Albany Light, Heat and Power Authority
1026 - Albany Light, Heat and Power Authority.
1028 - Enlargement of District.
1030 - Deposit for Temporary Possession of Property.
1031 - Properties Acquired by the Authority.
1032 - Power to Furnish Service Within District.
1033 - Power to Contract With Municipalities Within District.
1035 - Bonds of the Authority.
1037 - State and County Not Liable on Bonds.
1038 - When Bonds Legal Investments for Fiduciaries.
1039 - Exemption From Taxation.
1040 - Remedies of Bondholders.
1041 - County May Levy Tax Within District.
1042 - Examination by Comptroller.
1043 - Title Not Affected if in Part Unconstitutional or Ineffective.