2005 Idaho Code - 39-8113 — NOTES AND BONDS OF FINANCING AUTHORITY ARE TAX EXEMPT

                                  TITLE  39
                              HEALTH AND SAFETY
                                  CHAPTER 81
                     BASIN ENVIRONMENTAL IMPROVEMENT ACT
    39-8113.  NOTES AND BONDS OF FINANCING AUTHORITY ARE TAX EXEMPT. The basin
project commission and the financing authority perform essential governmental
functions in the exercise of the powers conferred upon them under this
chapter. The notes and bonds of the financing authority issued under this
chapter, and the income therefrom, including any profit made on the sale
thereof, and all its fees, charges, gifts, grants, revenues, receipts, and
other moneys received, pledged to pay or secure the payment of the notes or
bonds, are exempt from taxation by the state, municipalities and all other
political subdivisions of the state. Any property acquired or used by the
basin project commission consistent with this chapter are [is] exempt from
taxation and assessments.