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2011 California Code
Government Code
TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000 - 22980]
ARTICLE 2. Lease Purchase Financing
Section 8790.33


CA Govt Code § 8790.33 (through 2012 Leg Sess) What's This?

(a) Any bonds issued under this chapter, their transfer, and the income therefrom shall at all times be free from taxation of every kind by the state and by all political subdivisions of the state.

(b) The board is not required to pay any taxes or assessments upon, or with respect to, the state facility acquired by or for the board under this chapter, or upon any income therefrom, or on or from any other assets or operations of the board.

(Added by Stats. 1987, Ch. 432, Sec. 10. Effective September 3, 1987.)

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