17C-1-301.5. Agency property exempt from taxation -- Exception.
(1) Agency property acquired or held for purposes of this title is public property used for essential public and governmental purposes and, subject to Subsection, is exempt from taxation by a taxing entity. (2)
(2) The exemption in Subsectiondoes not apply to property that the agency leases to a lessee unless the lessee is entitled to a tax exemption with respect to the property. (1)