67-1211 - Declaration of public purpose; exemption from taxation.
§ 67-1211. Declaration of public purpose; exemption from taxation.
A. The exercise of the powers granted by this chapter shall be in allrespects for the benefit of the citizens of the Commonwealth and for thepromotion of their welfare, convenience, and prosperity.
B. The Authority shall be performing an essential governmental function inthe exercise of the powers conferred upon it by this chapter, and theproperty of the Authority and its income and operations shall be exempt fromtaxation or assessments upon any property acquired or used by the Authorityunder the provisions of this chapter.
(2010, cc. 507, 681.)