§206J-16  Exemption from taxation of
development corporation.  All revenues derived by the development
corporation from any project or under a lease or other agreement pertaining
thereto shall be exempt from all state and county taxation.  Any right, title,
and interest of the development corporation in any project shall also be exempt
from all state and county taxation.  Except as otherwise provided by law, the
interest of a qualified person or other user of a project under a lease or
other agreements related to a project 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 qualified person or other user. [L 1981, c 236, pt of §1; ree L
1986, c 146, §13]