TITLE 39

Public Utilities and Carriers

CHAPTER 39-16

Kent County Water District

SECTION 39-16-13



   § 39-16-13  Tax exemption. –

It is hereby declared that the authority and the carrying out of its corporate

purposes is in all respects for the benefit of the people of the state and, for

the improvement of their health, welfare, and prosperity, and the authority

will be performing an essential governmental function in the exercise of the

powers conferred by this chapter, and the state covenants with the holders of

the bonds that the authority shall be required to pay no taxes or assessments

or sums in lieu of taxes, except as provided in § 39-16-14, to the state

or any political subdivision thereof upon any of the property acquired by it or

under its jurisdiction, control, possession, or supervision or upon its

activities in the operation and maintenance of the property or upon any

earnings, revenues, moneys, or other income derived by the authority, and that

the bonds of the authority and the income therefrom shall at all times be

exempt from taxation.



History of Section.

(P.L. 1946, ch. 1740, § 5; G.L. 1956, § 39-16-13; P.L. 1997, ch. 326,

§ 118.)