§8-13B-20. Exemption from taxation.
The revenue bonds issued pursuant to this article and the
income therefrom shall be exempt from taxation except inheritance,
estate and transfer taxes; and the real and personal property which
a municipality or district board may acquire pursuant to the
provisions of this article, shall be exempt from taxation by the
state, or any county, municipality, or other levying body, as
public property, so long as the same is owned by such municipality
or district board.