The exercise of the powers granted by this part shall be in all respects for the benefit of the people of this state and for their health and welfare. Any bonds or notes issued under the provisions of this chapter, their transfer and the income therefrom, shall at all times be free from taxation of every kind by the state and by the municipalities and other political subdivisions of the state.
Cal. Health & Safety Code § 37940
Bonds and Notes
Known as the Marks-Foran Residential Rehabilitation Act
The act spans §§ 37910–37964 (42 sections).
Added by Stats. 1973, Ch. 1201.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.