§39-65  Undertaking, loan program,and revenue bonds exempt from taxation.  So long as the State owns anyundertaking or administers a loan program, the property and revenue of theundertaking or loan program shall be exempt from all state, county, and municipaltaxation; provided that any interest in property provided or given as securityfor a loan made under a loan program shall not be or be deemed to be propertyof a department for purposes of this section.  Revenue bonds issued pursuant tothis part and the income therefrom shall be exempt from all taxation by theState or any county or other political subdivision thereof, except inheritance,transfer, and estate taxes. [L 1988, c 28, pt of §3]