§39A‑85  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 and county taxation.  Any right, title, and interest of the department
in any project shall also be exempt from all state and county 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
1981, c 120, pt of §2]