Nothing in this article constitutes authority to enter into a contract which shall in any way create a debt or obligation upon the state on account of the construction of buildings or improvements; except that buildings and improvements erected on lands under the control of the board of trustees and devoted to the uses of Adams state university under the terms of this article and the leasehold interest shall be exempt from taxation so far as permitted by the state constitution.L. 2003: Entire article R&RE, p. 779, § 4, effective July 1. L. 2012: Entire section amended, (HB 12-1080), ch. 189, p. 756, § 6, effective May 19.This section is similar to former § 23-51-103 as it existed prior to 2003.