403A.10 - TAX EXEMPTION AND PAYMENTS IN LIEU OF TAXES.

        403A.10  TAX EXEMPTION AND PAYMENTS IN LIEU OF      TAXES.         The property acquired or held pursuant to this chapter is declared      to be public property used exclusively for essential city, or      municipal public and governmental purposes and such property is      hereby declared to be exempt from all taxes and special assessments      of the state or of any state public body.  In lieu of taxes on such      property a municipality may agree to make payments to the state or a      state public body (including itself) as it finds consistent with the      maintenance of the low-rent character of housing projects and the      achievement of the purposes of this chapter.  
         Section History: Early Form
         [C62, 66, 71, 73, 75, 77, 79, 81, § 403A.10]