Arizona § 28-7570 Taxation exemption

Arizona Statutes

§ 28-7570 — Taxation exemption

Arizona·Title 28 Arizona Revised Statutes·Ch. 21 STATE HIGHWAY FINANCING AND BONDING·Art. 2 Regional Area Road Fund Bonds

The board is regarded as performing a governmental function in carrying out the purposes of this article and is not required to pay taxes or assessments on any of the property acquired or constructed or on the activities of the board in maintaining and caring for the real property or in the monies derived from the real property. The bonds issued under this article, their transfer and the income from the bonds are at all times free from taxation in this state.

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The board is regarded as performing a governmental function in carrying out the purposes of this article and is not required to pay taxes or assessments on any of the property acquired or constructed or on the activities of the board in maintaining and caring for the real property or in the monies derived from the real property. The bonds issued under this article, their transfer and the income from the bonds are at all times free from taxation in this state.

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