California Health and Safety Code 13936 – Any general obligation bonds issued by a district have the same …
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Any general obligation bonds issued by a district have the same force, value, and use as bonds issued by a city and the bonds and the interest on the bonds are exempt from all taxation within the State of California.
(Repealed and added by Stats. 1987, Ch. 1013, Sec. 11.)
Terms Used In California Health and Safety Code 13936
- City: means any city whether general law or charter, including a city and county, and including any city the name of which includes the word "town. See California Health and Safety Code 13802
- District: means a fire protection district created pursuant to this part or created pursuant to any law which this part supersedes. See California Health and Safety Code 13802
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23