§8-29-13. Property, bonds and obligations of authorities exempt
Each authority shall be exempt from the payment of any taxes
or fees to the state or any subdivisions thereof or any
municipalities or to any officer or employee of the state or of any
subdivision thereof or of any municipality.
The property of each authority shall be exempt from all
municipal and county taxes. Bonds, notes, debentures and other
evidences of indebtedness of the authority are declared to be
issued for a public purpose and to be public instrumentalities,
and, together with interest thereon, shall be exempt from taxation.