The bonds of an authority are issued for an essential public and governmental purpose, and, together with interest thereon and income therefrom, are exempt from all taxes.
Cal. Gov. Code § 52182
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.