§49-14  Undertaking, loan program, andrevenue bonds exempt from taxation.  So long as the county 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 the county for purposes of this section.  Revenue bonds issued pursuant tothis chapter 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 1989, c 80, pt of §3]