New York Statutes
§ 561 — Exemption from taxation of bonds
New York·Law GMU General Municipal·Art. 15-A Municipal Urban Renewal Agencies, Organization and Powers
§ 561. Exemption from taxation of bonds. Bonds, mortgages, notes and\nother obligations of an agency are declared to be issued for a public\npurpose and to be public instrumentalities and together with interest\nthereon, shall be exempt from taxation.\n
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