California Government Code 53595.50 v2 – Any debt instruments issued under this article, their transfer, and …
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Any debt instruments issued under this article, their transfer, and in the income therefrom shall at all times be free from taxation of every kind by the state and by all municipalities and political subdivisions in the state.
(Added by Stats. 1993, Ch. 902, Sec. 1. Effective October 8, 1993.)
Terms Used In California Government Code 53595.50 v2
- Debt instruments: means bonds, notes, certificates of participation, or other evidences of indebtedness issued by a local agency pursuant to this article. See California Government Code 53595
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18