All bonds and other evidences of indebtedness issued by the district under the provisions of this part, and the interest thereon, are free and exempt from all taxation within the State of California, except for transfer, franchise, inheritance, and estate tax.
Cal. Pub. Util. Code § 103601
Miscellaneous
Known as the San Mateo County Transit District Act
The act spans §§ 103000–103700 (192 sections).
Added by Stats. 1974, Ch. 502.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.