The exercise of the powers granted by this title shall be in all respects for the benefit of the people of the state. Any and all bonds issued by the authority, 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 § 99016
Bond Provisions
Known as the California Fiscal Recovery Financing Act
The act spans §§ 99000–99047 (23 sections).
Added by Stats. 2003, 1st Ex
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.