California Law (Last Updated: March 4, 2014) |
Education Code - EDC |
Title 3. POSTSECONDARY EDUCATION |
Division 8. CALIFORNIA STATE UNIVERSITY |
Part 55. CALIFORNIA STATE UNIVERSITY |
Chapter 7. Auxiliary Organizations |
ARTICLE 1. General Provisions |
Section 89912.
Latest version.
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All bonds, notes, borrowings, or other evidences of indebtedness of an auxiliary organization and interest thereon or income therefrom are exempt from all taxation in the state other than estate and generation skipping transfer taxes.
(Added by Stats. 1993, Ch. 779, Sec. 6. Effective January 1, 1994.)