§39A‑45  Exemption from taxation of
department property.  All revenues derived by the department from any
project or under the project agreement pertaining thereto 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 such project in a project or 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 1980, c 255, pt of §2]