Code Section Group

Government Code - GOV

TITLE 5. LOCAL AGENCIES [50001 - 57607]

  ( Title 5 added by Stats. 1949, Ch. 81. )

DIVISION 1. CITIES AND COUNTIES [50001 - 52203]

  ( Division 1 added by Stats. 1949, Ch. 81. )

PART 3. CITY AND COUNTY AGENCIES [52000 - 52190]

  ( Part 3 added by Stats. 1984, Ch. 1550, Sec. 1. )

CHAPTER 1. Community Energy Authority [52000 - 52190]

  ( Chapter 1 added by Stats. 1984, Ch. 1550, Sec. 1. )

ARTICLE 8. Tax Exemption of Community Energy Authority [52180 - 52182]
  ( Article 8 added by Stats. 1984, Ch. 1550, Sec. 1. )

52180.
  

It has been found and declared by the Legislature that the activities of an authority constitute an important governmental function and are for public uses and purposes and are governmental functions of state concern. As a matter of legislative determination, it is hereby found and declared that the property, projects, and bonds of an energy authority are of such character as shall be exempt from taxation.

(Added by Stats. 1984, Ch. 1550, Sec. 1.)

52181.
  

The property of an authority is exempt from all taxes and special assessments of the state or any city, county, or political subdivision of the state. In lieu of these taxes or special assessments the authority may agree to make payments to any city, county, or political subdivision of the state for services, improvements, or facilities furnished by the city, county, or political subdivision for the benefit of an energy project owned by the authority.

(Added by Stats. 1984, Ch. 1550, Sec. 1.)

52182.
  

The bonds of an authority are issued for an essential public and governmental purpose, and, together with interest thereon and income therefrom, are exempt from all taxes.

(Added by Stats. 1984, Ch. 1550, Sec. 1.)

GOVGovernment Code - GOV8