43-4-711. Exemption from taxation.
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/co/title-43-transportation/article-4-financing/43-4-711·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as otherwise provided in this section, the income from revenue anticipation notes is exempt from all taxation and assessments in the state. In the certificate, indenture of trust, or other instrument authorizing the issuance of such notes, the executive director may waive the exemption from federal or state income taxation for interest on the notes.