Code Section

Public Utilities Code - PUC

DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]

  ( Division 10 repealed and added by Stats. 1955, Ch. 1036. )
  

PART 16. SONOMA-MARIN AREA RAIL TRANSIT DISTRICT [105000 - 105337]

  ( Part 16 added by Stats. 2002, Ch. 341, Sec. 4. )
  

CHAPTER 6. Bonds and Other Evidence of Indebtedness [105200 - 105262]

  ( Chapter 6 added by Stats. 2002, Ch. 341, Sec. 4. )
  

ARTICLE 6. Miscellaneous [105260 - 105262]
  ( Article 6 added by Stats. 2002, Ch. 341, Sec. 4. )

  
105261.  

All bonds and other evidences of indebtedness issued by the district under the provisions of this part, and the interest thereon, are free and exempt from all taxation within the state, except for transfer, franchise, inheritance, and estate taxes.

(Added by Stats. 2002, Ch. 341, Sec. 4. Effective January 1, 2003.)