Any and all bonds issued by the bank or a special purpose trust, their transfer and the income therefrom, shall at all times be free from taxation of every kind by the state and by all political subdivisions of the state.
Cal. Gov. Code § 63083
Revenue Bonds
Known as the Bergeson-Peace Infrastructure and Economic Development Bank Act
The act spans §§ 63000–63087 (36 sections).
Amended by Stats. 1995, Ch. 863, Sec. 37
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.