220.601 Property of district, bonds and income therefrom exempt from tax. The establishment, financing and operation of a construction subdistrict by the district are in all respects in the interest of public health and for a public purpose. In so doing the district performs a governmental function in the exercise of the powers conferred upon it, and it shall be required to pay no taxes or assessments upon any property owned or acquired by it, or upon its activities in the operation and maintenance of its subdistrict facilities. Construction subdistrict bonds and the income there from are exempt from taxation. History: Created 1966 Ky. Acts ch. 92, sec. 23.
Kentucky Legal Code