All bonds and other evidences of indebtedness issued by the consolidated agency 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 § 132370.9
Bonds, Equipment, and Leases
Known as the San Diego Regional Transportation Consolidation Act
The act spans §§ 132350–132372 (63 sections).
Added by Stats. 2002, Ch. 743, 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.