[§39A‑235]  Exemption fromtaxation of department property.  All revenues derived by the departmentfrom any project or under the project agreement pertaining thereto shall beexempt from all state, county, and municipal taxation.  Any right, title, and interestof the department in any project shall also be exempt from all state, county,and municipal taxation.  Except as otherwise provided by law, the interest ofthe project party or user of such project in a 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 project were directly financed bythe project party or other user. [L 1994, c 280, pt of §6]