§39A‑45  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, county, and municipal taxation.  Any right, title, and interest ofthe department in any project shall also be exempt from all state, county, andmunicipal taxation.  Except as otherwise provided by law, the interest of theproject 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 1980, c 255, pt of §2]