The accomplishment by the department of transportation of the authorized purposes stated in this part 2 being for the benefit of the people of the state and for the improvement of their commerce and prosperity in which accomplishment the department of transportation will be performing essential governmental functions, the department of transportation shall not be required to pay any taxes or assessments on any property acquired or used by it for the purposes provided in this part 2.
Source: L. 49: p. 606, § 9. CSA: C. 143, § 125(9). CRS 53: § 120-8-9. C.R.S. 1963: § 120-8-9. L. 91: Entire section amended, p. 1116, § 168, effective July 1.