KRS 76.267: Property of district, bonds and income therefrom exempt from tax.

The establishment, financing and operation of a construction subdistrict by the district are

in all respects in the interest of public health and for a public purpose. In so doing the

district performs a governmental function in the exercise of the powers conferred upon it,

and it shall be required to pay no taxes or assessments upon any property owned or

acquired by it, or upon its activities in the operation and maintenance of its subdistrict

facilities. Construction subdistrict bonds and the income there from are exempt from

taxation.