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The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 5
Public Utility Authorities
TITLE 2
Albany Light, Heat and Power Authority
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SECTION 1038
When bonds legal investments for fiduciaries
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TITLE 2
Albany Light, Heat and Power Authority
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SECTION 1040
Remedies of bondholders
This entry was published on 2014-09-22
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SECTION 1039
Exemption from taxation
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 2
* § 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