Section 801 – Property and funds of the authority declared public property — Exemption from taxes.

• (1) The property and funds of the authority are declared to be public property used for essential public and governmental purposes.

• (2) The property and the authority are exempt from all taxes and special assessments of any public body. This tax exemption does not apply to any portion of a project used for a profit-making enterprise.

Renumbered and Amended by Chapter 411, 2015 General Session