California Statutes
§ 89912. — 89912. (Added by Stats. 1993, Ch. 779, Sec. 6.)
California·Code EDC Education Code - EDC·Div. 8.·Title 3. DIVISION 8. CALIFORNIA STATE UNIVERSITY·Part 55. PART 55. CALIFORNIA STATE UNIVERSITY·Ch. 7. CHAPTER 7. Auxiliary Organizations·Art. 1. ARTICLE 1. General Provisions
All bonds, notes, borrowings, or other evidences of indebtedness of an auxiliary organization and interest thereon or income therefrom are exempt from all taxation in the state other than estate and generation skipping transfer taxes.
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California § 89912. (89912. (Added by Stats. 1993, Ch. 779, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1993, Ch. 779, Sec. 6. Effective January 1, 1994.