§ 2637. Tax exemptions. It is hereby determined that the creation of
the commission and the carrying out of its corporate purposes is in all
respects for the benefit of the people of the state and is a public
purpose, and the commission shall be regarded as performing a
governmental function in the exercise of the powers conferred upon it by
this title and shall be required to pay no taxes or assessments upon any
of the property acquired by it or under its jurisdiction or control or
supervision or upon its activities.