All property of the bank and all bonds and notes issued under this chapter are deemed to constitute essential public and governmental purposes and the property and the bonds and notes so issued, their transfer and the income from those bonds and notes, including any profits made on the sale of the bonds or notes, are at all times exempt from taxation within the State.
Me. Rev. Stat. tit. 30-A, § 6012
Tax exemptions
Known as the Maine Municipal Bond Bank Act
The act spans §§ 5901–6054 (62 sections).
PL 1987, c. 737, §§A2,C106 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.