§ 51313
72 words·~1 min read·
/ca/health-and-safety-code/51313A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The exercise of the powers granted by this chapter shall be in all respects for the benefit of the people of this state and for their health and welfare. Therefore, any bonds issued by the agency, pursuant to this chapter, their transfer, and the income therefrom shall at all times be free from taxation by the state or any political subdivision or other instrumentality of the state, excepting inheritance and gift taxes.