California Law (Last Updated: March 4, 2014) |
Public Utilities Code - PUC |
Division 11.5. NORTH COUNTY TRANSIT DISTRICT |
Chapter 6. Bonds and Other Evidences of Indebtedness |
Section 125715.
Latest version.
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All bonds and other evidences of indebtedness issued by the district under this chapter, and the interest thereon, are free and exempt from all taxation within the state, except for transfer, franchise, inheritance, and estate taxes.
(Amended by Stats. 2005, Ch. 150, Sec. 53. Effective January 1, 2006.)