§39A‑85  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 and county taxation.  Any right, title, and interest of the departmentin any project shall also be exempt from all state and county taxation.  Exceptas otherwise provided by law, the interest of the project party or user of suchproject in a project or under the project agreement or related agreement shallnot be exempt from taxation to a greater extent than it would be if the costsof the project were directly financed by the project party or other user. [L1981, c 120, pt of §2]