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 taxes.
Cal. Pub. Util. Code § 30982
Miscellaneous
Known as the Southern California Rapid Transit District Law
The act spans §§ 30000–33021 (249 sections).
Added by Stats. 1964, 1st Ex
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.