HRS §206-23
Tax exemption for the Board of Land and Natural Resources
This section says the Board of Land and Natural Resources and its property are free from all taxes and assessments until the property is sold or leased. Its bonds and other debts are also tax-free because they serve a public purpose.
state agencies
The statute, as written — Exemption from taxation and assessments
The board of land and natural resources and its property, until resold or leased, shall be exempt from any and all taxes and assessments. Bonds, notes, debentures, and other evidences of indebtedness of the board are declared to be issued for a public purpose and to be public instrumentalities and, together with interest thereon, shall be exempt from taxes.
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