[§39A-296]  Exemption from taxation of
department property.  All revenues derived by the department from any
project or under the project agreement pertaining to it shall be exempt from
all state, county, and municipal taxation.  Any right, title, and interest of
the department in any project shall also be exempt from all state, county, and
municipal taxation.



Except as otherwise provided by law, the
interest of the project party or user of a project under the project agreement
or related agreement shall not be exempt from taxation to a greater extent than
it would be if the costs of the project were directly financed by the project
party or other user. [L 2006, c 102, pt of §2]