* § 1470-n. Tax contract by the state. The state of New York covenants
with the purchasers and with all subsequent holders and transferees of
bonds issued by the authority pursuant to this title, 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 moneys, funds and revenues pledged to pay or secure the payment of
such bonds, shall at all times be free from taxation except for estate
taxes and taxes on transfers by or in contemplation of death.
* 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.