The authority, its properties at any time owned by it and the income and revenues derived from such properties shall be exempt from all state, county and municipal taxation. All bonds, notes and other obligations issued by the authority and the income from such bonds, notes, and other obligations shall be exempt from all state, county and municipal taxation, except inheritance, transfer and estate taxes or except as otherwise provided by state law. Bonds issued by the authority shall be deemed to be securities issued by a public instrumentality or a political subdivision of the state.
Structure 2021 Tennessee Code
Title 64 - Regional Authorities
Chapter 10 - Regional Marketing Authorities
Part 2 - Cumberland Regional Business and Agribusiness Marketing Authority
§ 64-10-204. Executive Committee
§ 64-10-208. Executive Director and Staff
§ 64-10-210. Member Counties—powers
§ 64-10-211. Receipt of Grants, Appropriations and Other Contributions
§ 64-10-217. Dissolution of the Corporation — Distribution of Assets