(1) Subject to
subsection (2), no rate, tax, or assessment is to be imposed, levied, charged
or made upon any land acquired by the Commission under and for the purposes of
this Act while the Commission is the owner of the land.
(2) If any land
referred to in subsection (1) is leased by the Commission, the Commission is
to pay in respect of the land out of the rent received by the Commission, the
whole or such portion of the amount of any rate, tax, or assessment that would
but for this section have been imposed, levied, charged or made on the land so
leased, as the Commission certifies in writing to be available for the
purpose.