SEC. 65-13-47. Bond interest tax exempt.
The accomplishment of the purposes stated in this chapter being for the benefit of the people of this state and for the improvement of their properties and industries, the authority in carrying out the purposes of this chapter will be performing an essential public function, and the interest on the bonds issued hereunder shall at all times be free from taxation within this state.
SOURCES: Codes, 1942, Sec. 8368-22; Laws, 1966, ch. 603, Sec. 22, eff from and after passage (approved June 17, 1966).