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, except for transfer, franchise, inheritance, and estate taxes.
Cal. Pub. Util. Code § 105261
Miscellaneous
Known as the Sonoma-Marin Area Rail Transit District Act
The act spans §§ 105000–105337 (123 sections).
Added by Stats. 2002, Ch. 341, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.