Statutes > Kentucky Statutes > CHAPTER 76 CITY-COUNTY METROPOLITAN SEWER, SEWER CONSTRUCTION, AND SANITATION DISTRICTS > 76.267 Property of district, bonds and income therefrom exempt from tax.

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

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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 <br>in all respects in the interest of public health and for a public purpose. In so doing the <br>district performs a governmental function in the exercise of the powers conferred upon it, <br>and it shall be required to pay no taxes or assessments upon any property owned or <br>acquired by it, or upon its activities in the operation and maintenance of its subdistrict <br>facilities. Construction subdistrict bonds and the income therefrom are exempt from <br>taxation. History: Created 1964 Ky. Acts ch. 33, sec. 30.