It has been found and declared by the Legislature that the activities of an authority constitute an important governmental function and are for public uses and purposes and are governmental functions of state concern. As a matter of legislative determination, it is hereby found and declared that the property, projects, and bonds of an energy authority are of such character as shall be exempt from taxation.
Cal. Gov. Code § 52180
Tax Exemption of Community Energy Authority
Known as the Community Energy Authority Act
The act spans §§ 52000 to 52190 (40 sections).
Added by Stats. 1984, Ch. 1550, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.