Title 12, Chapter 3, Section 449
( 12-3-449)
As the authority will be performing valuable charitable and public
functions and purposes in the exercise of the powers conferred upon
it, the authority shall be required to pay no taxes or assessments
by the state or by any county, municipality, authority, or political
subdivision of this state upon any of the real or personal property
acquired by it, or upon its activities in the operation or
maintenance of any facility maintained or acquired by it, or upon
any fees, rentals, or other charges for the use of such property or
facilities, or upon any other income received by the authority. The
said property, facilities, fees, rentals, charges, and income of the
authority is exempt from levy and sale, garnishment, and attachment. |