§39A‑205  Exemption from taxation ofdepartment property.  All revenues derived by the department from anyenergy project or under the project agreement pertaining thereto shall beexempt from all state and county taxation.  Any right, title, and interest ofthe department in any energy project shall also be exempt from all state andcounty taxation.  Except as otherwise provided by law, the interest of theproject party or user of such project in an energy project or under the projectagreement or related agreement shall not be exempt from taxation to a greaterextent than it would be if the costs of the energy project were directlyfinanced by the project party or other user. [L 1981, c 151, pt of §2]