§ 17139 — Exemption from taxation

The effectuation of the authorized purpose of the authority shall be exclusively for the benefit of the residents of this Commonwealth, the increase of commerce and prosperity and the improvement of health and living conditions. The authority may not be required to pay taxes or assessments upon any property acquired or used by the authority for the purposes under this section, and the bonds issued by the authority and the interest and income related to the bonds shall be free from State and local taxation.