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Office of the Revisor of Statutes

The exercise of the powers granted by sections 136A.25 to 136A.42, will be in all respects
for the benefit of the people of this state, for the increase of their commerce, welfare and
prosperity, and for the improvement of their health and living conditions, and as the operation
and maintenance of a project by the authority or its agent will constitute the performance of an
essential public function, neither the authority nor its agent shall be required to pay any taxes or
assessments upon or in respect of a project or any property acquired or used by the authority or its
agent under the provisions of sections 136A.25 to 136A.42, or upon the income therefrom.
History: 1971 c 868 s 15; 1983 c 213 s 8