The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state, for the increase of their commerce, welfare and prosperity, and for the improvement of their health and living conditions, and as the operation and maintenance of a project by the authority or its agent will constitute the performance of an essential public function, neither the authority nor its agent shall be required to pay any taxes or assessments upon or in respect of a project or any property acquired or used by the authority or its agent under the provisions of this chapter or upon the income therefrom, and any bonds issued under the provisions of this chapter, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free from taxation of every kind by the state and by the municipalities and other political subdivisions in the state.
(February, 1965, P.A. 170, S. 16.)
History: Sec. 10-350 transferred to Sec. 10a-191 in 1983 pursuant to reorganization of higher education system.
Structure Connecticut General Statutes
Title 10a - State System of Higher Education
Chapter 187 - Connecticut Health and Educational Facilities Authority
Section 10a-176. (Formerly Sec. 10-335). - Declaration of policy.
Section 10a-177. (Formerly Sec. 10-336). - Short title.
Section 10a-178. (Formerly Sec. 10-337). - Definitions.
Section 10a-180. (Formerly Sec. 10-339). - Powers of authority.
Section 10a-181. (Formerly Sec. 10-340). - Payment of expenses.
Section 10a-182. (Formerly Sec. 10-341). - Acquisition of property by authority.
Section 10a-183. (Formerly Sec. 10-342). - Conveyance of title to participating institutions.
Section 10a-184. (Formerly Sec. 10-343). - Notes of authority.
Section 10a-185. (Formerly Sec. 10-344). - Bonds.
Section 10a-186. (Formerly Sec. 10-345). - Trust agreement to secure bonds.
Section 10a-186c. - State Treasurer may advance funds re qualified nursing homes.
Section 10a-187. (Formerly Sec. 10-346). - Payment of bonds.
Section 10a-187a. - Pledge by state as to limitation or alteration of rights vested in authority.
Section 10a-188. (Formerly Sec. 10-347). - Rents and charges.
Section 10a-189. (Formerly Sec. 10-348). - Use of bond proceeds and revenues.
Section 10a-190. (Formerly Sec. 10-349). - Enforcement of rights and duties.
Section 10a-190a. - Contracts with bondholders regarding funds of the authority.
Section 10a-191. (Formerly Sec. 10-350). - Tax exemption.
Section 10a-192. (Formerly Sec. 10-351). - Refunding bonds.
Section 10a-193. (Formerly Sec. 10-352). - Bonds declared legal investments.
Section 10a-194. (Formerly Sec. 10-353). - Report to Governor by authority.
Section 10a-194a. - Report to Commissioner of Social Services by authority regarding nursing homes.
Section 10a-194c. - Connecticut Child Care Facilities Program.
Section 10a-194d. - Subsidiary.
Section 10a-194f. - Captive Insurance Demonstration Program Grant Fund.
Section 10a-194g. - Financing of costs of digitizing patient records.
Section 10a-194h. - Loans to nonprofit organizations for preschool projects.
Section 10a-194i. - Loans to nursing homes for installation of automatic fire extinguishing systems.
Section 10a-195. (Formerly Sec. 10-354). - Pledge by state to bondholders and contractors.
Section 10a-197. (Formerly Sec. 10-356). - Liberal construction.
Section 10a-198. (Formerly Sec. 10-357). - Chapter controlling over inconsistent law.