The exercise of the powers granted by this chapter shall be in all respects for the
benefit of the inhabitants of the Commonwealth and for the promotion of their safety,
health, welfare, convenience and prosperity. The operation and maintenance of any hospital project which the authority is authorized
to undertake will constitute the performance of an essential governmental function;
therefore, the authority shall not be required to pay any taxes or assessments upon
any hospital project acquired or constructed by it. The 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
and exempt from taxation by the Commonwealth and any political subdivision thereof.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.