* § 1470-m. Tax exemptions. 1. It is hereby determined that the
creation of the authority and the carrying out of its corporate purposes
is in all respects for the benefit of the people of the city of Rome and
its environs, and is a public purpose, and the authority shall be
regarded as performing a governmental function in the exercise of the
powers conferred upon it by this title and shall be required to pay no
taxes or assessments upon any of the property acquired by it or under
its jurisdiction, control or supervision or upon its activities.
2. Any bonds or notes issued pursuant to this title, together with the
income therefrom, as well as the property of the authority, shall be
exempt from taxation, except for transfer and estate taxes.
* NB City of Rome Parking Authority ceased to exist 12/31/2000 per §
1470-b, and thereafter until all liabilities have been met/discharged,
and all bonds paid/discharged
Structure New York Laws
Article 7 - Parking Authorities
Title 3-A - City of Rome Parking Authority
1470-B - City of Rome Parking Authority.
1470-C - Purpose and Powers of the Authority.
1470-D - Civil Service Status of Officers and Employees.
1470-F - Construction Contracts.
1470-G - Moneys of the Authority.
1470-H - Bonds of the Authority.
1470-I - Notes of the Authority.
1470-J - Agreements of the State.
1470-K - State and City Not Liable on Bonds.
1470-L - Bonds Legal Investments for Public Officers and Fiduciaries.
1470-N - Tax Contract by the State.
1470-O - Remedies of Bondholders.
1470-P - Actions Against the Authority.
1470-Q - Termination of the Authority.
1470-R - Title Not Affected if in Part Unconstitutional or Ineffective.