§206J-16  Exemption from taxation ofdevelopment corporation.  All revenues derived by the developmentcorporation from any project or under a lease or other agreement pertainingthereto shall be exempt from all state and county taxation.  Any right, title,and interest of the development corporation in any project shall also be exemptfrom all state and county taxation.  Except as otherwise provided by law, theinterest of a qualified person or other user of a project under a lease orother agreements related to a project shall not be exempt from taxation to agreater extent than it would be if the costs of the project were directlyfinanced by the qualified person or other user. [L 1981, c 236, pt of §1; ree L1986, c 146, §13]