2011 Arizona Revised Statutes
Title 45 Waters
45-1713 Exemption from taxation
45-1713. Exemption from taxation
The director and the authority shall be regarded as performing a governmental function in undertaking and carrying out the state water and power plan and shall be required to pay no taxes or assessments on any of the property thereof or upon their activities in the operation and maintenance thereof or upon the revenues therefrom. The bonds and notes, their transfer and the income therefrom shall at all times be free from taxation within the state.
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