§ 36-8-206 — Exercise of powers

The exercise of the powers granted by this act will be in all
respects for the benefit of the people of the state, for the
increase of their commerce and prosperity, and for the
improvement of their health and living conditions, and as the
operation and maintenance of the project by the commission will
constitute the performance of essential governmental functions
the commission shall not be required to pay any taxes or
assessments upon any project or any property acquired or used by
the commission under the provision of this act or upon the
income therefrom, and the bonds issued under the provisions of
this act, their transfer and the income therefrom, including any
profit made on the sale thereof, shall at all times be free from
taxation within the state.