All bonds and other evidences of indebtedness issued by the board under this chapter, 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 § 120701
Miscellaneous
Known as the Mills-Deddeh Transit Development Act
The act spans §§ 120000 to 120702 (105 sections).
Added by Stats. 1983, Ch. 599, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.