§201H-72 Issuance of bonds for the development of infrastructure.
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§201H-72 Issuance of bonds for the development of infrastructure.
(a)Without limiting section 201H-71, the corporation, pursuant to and in accordance with this subpart, section 46-80.1(a), or section 201H-191.5, may issue bonds for the purpose of financing the development of infrastructure for:
(1)Land owned by the corporation or land owned by an eligible developer as defined in section 201H-32, whose housing project approval by a state or county agency requires the construction of affordable housing; and
(2)Regional state infrastructure projects under section 201H-191.5.
(b)All bonds issued by the corporation for improvements by assessments, and the interest thereon, shall be exempt from all state, county, and municipal taxation, except inheritance, transfer, and estate taxes. [L 2006, c 180, pt of §4; am L 2014, c 194, §1; am L 2015, c 156, §2; am L 2024, c 34, §2]