Interest earned on any bonds issued by the authority shall at all times be free from state personal income tax and corporate income tax.
Cal. Gov. Code § 6598
Local Bond Pooling
Known as the Marks-Roos Local Bond Pooling Act
The act spans §§ 6584–6599 (35 sections).
Added by Stats. 1985, Ch. 868, Sec. 6
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.