California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 5. LOCAL AGENCIES |
Division 2. CITIES, COUNTIES, AND OTHER AGENCIES |
Part 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES |
Chapter 3. Bonds |
ARTICLE 13. Collateralized Borrowing |
Section 53595.50.
Latest version.
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Any debt instruments issued under this article, their transfer, and in the income therefrom shall at all times be free from taxation of every kind by the state and by all municipalities and political subdivisions in the state.
(Added by Stats. 1993, Ch. 902, Sec. 1. Effective October 8, 1993.)