Okla. Stat. tit. 3, § 3-541: Projects declared essential governmental functions -

Exemption from taxation.

The exercise of the powers granted by the Oklahoma Space

Industry Development Act to the Oklahoma Space Industry Development

Authority will be in all respects for the benefit of the people of

the state. The operation and maintenance of projects by the

Authority will constitute the performance of essential governmental

functions, and the Authority shall not be required to pay any taxes

or assessments upon any project or any property acquired or used by

the Authority under the provisions of the Oklahoma Space Industry

Development Act or upon the income therefrom, and the bonds issued

under the provisions of the Oklahoma Space Industry Development Act,

their transfer and the income therefrom, including any profit made

on the sale thereof, shall at all times be free from taxation within

the state.