§ 1063. Exemption from taxes. 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 county of Erie
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 not be required to pay
any taxes, special ad valorem levies or special assessments upon any
property owned by it or under its jurisdiction, control or supervision
or upon its activities, or any filing, recording or transfer taxes in
relation to instruments filed, recorded or transferred by it or on its
behalf.

2. Any bonds or notes issued pursuant to this title, together with the
income therefrom shall be exempt from taxation, except for transfer and
estate taxes. The revenues, monies and other properties and the
activities of the authority shall be exempt from taxes and governmental
fees or charges, whether imposed by the state or any municipality,
including real estate taxes, franchise taxes or other excise taxes.