§227D-7  Exemption of authority fromtaxation and competitive bidding.  (a)  All revenues and receiptsderived by the authority from any project or research and technologypark or under a project agreement or other agreement pertaining thereto shallbe exempt from all state taxation.  Any right, title, and interest of theauthority in any project or research and technology park shall also be exemptfrom all state taxation.  Except as otherwise provided by law, the interest ofa qualified person or other user of a project or research and technology parkunder a project agreement or other agreements related to a project or researchand technology park shall not be exempt from taxation to a greater extent thanit would be if the costs of the project or research and technology park weredirectly financed by the qualified person or user.

(b)  The authority shall not be subject to therequirements of chapter 103 for project agreements, construction contracts,retail concession or tour-related contracts, or other contracts unless aproject agreement with respect to a project or research and technology parkshall require otherwise. [L 1990, c 224, pt of §3; am L Sp 1993, c 8, §19; am L1997, c 151, §3; am L 2004, c 216, §9]