{"data":{"id":"us-ky/krs-224a.210","jurisdiction":"us-ky","citation":"KRS 224A.210","heading":"Tax-exempt nature of authority property and bonds.","body":"(1) The exercise by the authority of the powers, duties, and responsibilities granted and\ncreated by this chapter will be in all respects for the benefit of the citizens of the\nstate, for the preservation, improvement, and enhancement of their health, safety,\nconvenience, and welfare, for the enhancement of their residential, agricultural,\nrecreational, economic, commercial, and industrial opportunities, and for the\npreservation of the natural resources of the state, and will thereby constitute the\nperformance of essential public purposes and governmental functions by the\nauthority.\n(2) As the authority will in all respects be performing essential governmental and\npublic functions, said authority shall not be required to pay any taxes or assessments\nupon any of  its property, real, personal, or mixed, nor upon the income therefrom,\nand revenue bonds or notes issued under this chapter, the income thereon, and the\ntransfer thereof, including any profit made on the sale thereof, shall at all times be\nexempt from tax ation or assessment of any type by the state, its agencies and\ncabinets, and by all political subdivisions within the state.","path":["KRS Chapter 224A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=10582","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:52:43Z","sha256":"2b03952eac05defe585c6d9ddc806dbdace482891620ccc1e076ea8ace078187","source_id":"us-ky","stale":false,"prev":"us-ky/krs-224a.200","next":"us-ky/krs-224a.220"},"notice":"GroundRules: Original legal text. Not legal advice."}