Any general obligation bonds issued by a district have the same force, value, and use as bonds issued by a city and the bonds and the interest on the bonds are exempt from all taxation within the State of California.
Cal. Health & Safety Code § 13936
General Obligation Bonds
Known as the Fire Protection District Law
The act spans §§ 13800–13970 (136 sections).
Repealed and added by Stats. 1987, Ch. 1013, Sec. 11.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.