§227D-7  Exemption of authority from
taxation and competitive bidding.  (a)  All revenues and receipts
derived by the authority from any project or research and technology
park or under a project agreement or other agreement pertaining thereto shall
be exempt from all state taxation.  Any right, title, and interest of the
authority in any project or research and technology park shall also be exempt
from all state taxation.  Except as otherwise provided by law, the interest of
a qualified person or other user of a project or research and technology park
under a project agreement or other agreements related to a project or research
and technology park shall not be exempt from taxation to a greater extent than
it would be if the costs of the project or research and technology park were
directly financed by the qualified person or user.



(b)  The authority shall not be subject to the
requirements of chapter 103 for project agreements, construction contracts,
retail concession or tour-related contracts, or other contracts unless a
project agreement with respect to a project or research and technology park
shall require otherwise. [L 1990, c 224, pt of §3; am L Sp 1993, c 8, §19; am L
1997, c 151, §3; am L 2004, c 216, §9]