Cal. Government Code § 53588

California · California Government Code · Status: effective · Effective 1985-09-27

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Citation: Cal. Government Code § 53588, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/848529
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The issuance, transfer, and interest income earned on any bonds issued by a local agency under this article is exempt from taxation of every kind by any state or local entity. The local agency shall not be required to pay any taxes on, or with respect to, the income earned on the investment of proceeds of the bonds placed in escrow or otherwise.