63H-7a-801. Property and funds of the authority declared public property -- Exemption from taxes.
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Effective 7/1/2015
63H-7a-801. Property and funds of the authority declared public property -- Exemption from taxes.
(1)The property and funds of the authority are declared to be public property used for essential public and governmental purposes.
(2)The property and the authority are exempt from all taxes and special assessments of any public body. This tax exemption does not apply to any portion of a project used for a profit-making enterprise.
Renumbered and Amended by Chapter 411 , 2015 General Session