15.2-7310 - Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth. - Virginia Statutes

§ 15.2-7310. Exemption from taxation; authorities to be municipal corporateinstrumentalities of Commonwealth.

The bonds or other securities issued by the Authority, the interest thereon,and all real and personal property and any interest therein of an authority,and all income derived therefrom by the Authority shall at all times be freefrom taxation by the Commonwealth, or by any political subdivision thereof.The Authority shall be regarded as a municipal corporate instrumentality ofthe Commonwealth for the purpose of discharging its functions and exercisingits powers under this chapter.

(2010, cc. 338, 460.)