Any bonds issued under this division, 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 in the state.
Cal. Gov. Code § 64122
CALIFORNIA TRANSPORTATION FINANCING AUTHORITY
Known as the California Transportation Financing Authority Act
The act spans §§ 64100–64132 (34 sections).
Added by Stats. 2009, Ch. 474, 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.