2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 313A - INTERSTATE BRIDGES
313A.36 - PURPOSES OF POWERS GRANTED.

        313A.36  PURPOSES OF POWERS GRANTED.
         The exercise of the powers granted by this chapter will be in all
      respects for the benefit of the people of the state of Iowa, for the
      increase of their commerce and prosperity and for the improvement of
      their health and living conditions, and as the acquisition,
      construction, operation, and maintenance by the department of the
      projects herein defined will constitute the performance of essential
      governmental functions, the department shall not be required to pay
      any taxes or assessments upon such projects or upon any property
      acquired or used by the department under the provisions of this
      chapter or upon the income from such projects, and the bonds issued
      under the provisions of this chapter, their transfer and the income
      therefrom including any profit made on the sale thereof shall at all
      times be free from taxation by or within the state of Iowa.  

         [C71, 73, 75, 77, 79, 81, § 313A.36]