* § 1599-o. 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 08/05/2002
* NB There are 4 § 1599-o's
Structure New York Laws
Article 7 - Parking Authorities
Title 14*** - City of Schenectady Parking Authority
1599-C*4 - Schenectady Parking Authority.
1599-D*4 - Purpose and Powers of the Authority.
1599-E*4 - Civil Service Status of Officers and Employees.
1599-G*4 - Construction and Purchase Contracts.
1599-H*4 - Moneys of the Authority.
1599-I*4 - Bonds of the Authority.
1599-J*4 - Notes of the Authority.
1599-K*4 - Agreements of the City and the State.
1599-L*4 - State and City Not Liable on Bonds.
1599-M*4 - Bonds and Notes Legal Investments for Public Officers and Fiduciaries.
1599-O*4 - Tax Contract by the State.
1599-P*4 - Remedies of Bondholders.
1599-Q*4 - Actions Against the Authority.
1599-R*4 - Officers and Employees Not to Be Interested in Transactions.
1599-S*4 - Termination of the Authority.
1599-T*2 - Title Not Affected if in Part Unconstitutional or Ineffective.