The bonds of an authority are issued for an essential public and governmental purpose, and, together with interest thereon and income therefrom, are exempt from all taxes.
Cal. Health & Safety Code § 34402
Tax Exemption of Housing Authority Property
Added by Stats. 1953, Ch. 93.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.