KRS 184.383: District not required to pay state or local taxes or assessments --

Conditions.

The exercise of the powers granted by KRS 184.350 to 184.395 is in all respects for the

benefit of the people of the state, for the increase of their commerce and prosperity, and

for the improvement of their health and living conditions. As the construction,

maintenance, and repair of projects by a transportation improvement district constitute the

performance of essential governmental functions, the district shall not be required to pay

any state or local taxes or assessments upon any project, or upon revenues or any property

acquired or used by the district under KRS 184.350 to 184.395, or upon the income

therefrom. The bonds issued under KRS 184.350 to 184.395, t heir transfer, and the

income therefrom, including any profit made on the sale thereof, shall at all times be free

from taxation within the state.