§39A‑165  Exemption from taxation ofdepartment property.  All revenues derived by the department from anyproject or under the project agreement pertaining thereto shall be exempt fromall state and county taxation.  Any right, title, and interest of thedepartment in any project shall also be exempt from all state and countytaxation.  Except as otherwise provided by law, the interest of the projectparty or user of such project in a project or under the project agreement orrelated agreement shall not be exempt from taxation to a greater extent than itwould be if the costs of the project were directly financed by the projectparty or other user. [L 1981, c 122, pt of §2]