SEC. 21-45-17. Exemption from taxation.
The bonds authorized by this chapter and the income therefrom and all security agreements and mortgages executed as security therefor made pursuant to the provisions hereof, and the revenues derived therefrom, shall be exempt from all income taxation in the state.
SOURCES: Laws, 1986, ch. 449, Sec. 9, eff from and after July 1, 1986.