11-7-99. Tax exemption of bonds.
34 words·~1 min read·
/sd/title-11/chapter-11-7/11-7-99·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds of a commission are declared to be issued for an essential public and governmental purpose and to be public instrumentalities and, together with interest thereon and income therefrom, shall be exempt from taxes.