California Law (Last Updated: March 4, 2014) |
Education Code - EDC |
Title 3. POSTSECONDARY EDUCATION |
Division 7. COMMUNITY COLLEGES |
Part 49. COMMUNITY COLLEGES, EDUCATION FACILITIES |
Chapter 5. Community College Revenue Bond Act of 1961 |
Section 81942.
Latest version.
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Bonds issued pursuant to the provisions of this chapter and the interest or income therefrom are exempt from all taxation in this state other than gift, inheritance, and estate taxes.
(Added by Stats. 1982, Ch. 251, Sec. 28. Effective June 11, 1982. Operative July 1, 1982, by Sec. 47 of Ch. 251.)