§16-29A-19. Exemption from taxation.
The exercise of the powers granted to the authority by this
article will be in all respects for the benefit of the people of
the state, for the improvement of their health, safety,
convenience and welfare and is a public purpose. As the
operation and maintenance of hospital facilities will constitute
the performance of essential governmental functions, the
authority shall not be required to pay any taxes or assessments
upon any property acquired or used by the authority or upon the
income therefrom. All bonds and notes of the authority, and all
interest and income thereon, shall be exempt from all taxation by
this state and any county, municipality, political subdivision or
agency thereof, except inheritance taxes.