All:

1. (1) property:

   1. (A) acquired under authority of this chapter; or
   2. (B) used as a support facility or a research facility; and

2. (2) bonds issued under the authority of this chapter, together with the interest on the bonds;

   are exempt from taxation.

   [Pre-2007 Higher Education Recodification Citation: 20-12-8-5.]

As added by P.L.2-2007, SEC.276.