41-4506. Cost of operation and administration of authority; taxation
A. This state is not responsible for any costs incurred by the authority, including compensation for board members or employees, other operational or administrative costs, any costs of acquiring, operating or maintaining any project or costs incurred in the issuance or payment of bonds.
B. All costs of the authority shall be paid from bond proceeds or from revenues, receipts or other monies of the authority.
C. The authority, its income and property, all bonds issued by it and the interest on the bonds are exempt from all taxation by this state or any political subdivision of this state.
Section: Previous 41-4273 41-4401 41-4501 41-4502 41-4503 41-4504 41-4505 41-4506 41-4507 41-4508 41-4509 41-4510 41-4511 41-4601 41-4602 NextLast modified: October 13, 2016