§ 2027 — Exemption from taxes

§ 2027. Exemption from taxes. 1. It is hereby determined that the\ncreation of the authority and the carrying out of its corporate purposes\nis in all respects for the benefit of the people of the county of\nOnondaga and its environments, and is a public purpose, and the\nauthority shall be regarded as performing a governmental function in the\nexercise of the powers conferred upon it by this title and shall be\nrequired to pay no taxes upon any of the properties acquired by it or\nunder its jurisdiction or control or supervision or upon its activities.\n 2. Any bonds or notes issued pursuant to this title, together with the\nincome therefrom, as well as the property of the authority, shall be\nexempt from taxation, except for transfer and estate taxes.\n