§ 2027. 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
Onondaga and its environments, 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 be
required to pay no taxes upon any of the properties acquired by it or
under its jurisdiction or control or supervision or upon its activities.

2. Any bonds or notes issued pursuant to this title, together with the
income therefrom, as well as the property of the authority, shall be
exempt from taxation, except for transfer and estate taxes.