General Municipal Law 561 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 560 Exemption from taxation of property and income up ARTICLE 15-A Municipal Urban Renewal Agencies, Organization and Powers next SECTION 561-A Accounts, reports and audits Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 561 Exemption from taxation of bonds General Municipal (GMU) CHAPTER 24, ARTICLE 15-A § 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.