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New York General Municipal - Article 15-A - § 561 Exemption From Taxation of Bonds

Legal Research Home > New York Laws > New York General Municipal (GMU) > New York General Municipal - Article 15-A - § 561 Exemption From Taxation of Bonds


 
    §  561. Exemption from taxation of bonds.  Bonds, mortgages, notes and
  other obligations of an agency are declared to be issued  for  a  public
  purpose  and  to  be public instrumentalities and together with interest
  thereon, shall be exempt from taxation.
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Last modified: February 16, 2012