California Statutes
§ 53588. — 53588. (Added by Stats. 1985, Ch. 1033, Sec. 18.)
California § 53588.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.2.
Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
Ch. 3.CHAPTER 3. Bonds
Art. 11.ARTICLE 11. Provisions Applicable to All Refunding Bonds of All Local Agencies
This text of California § 53588. (53588. (Added by Stats. 1985, Ch. 1033, Sec. 18.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Government Code - GOV Code § 53588. (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Stats. 1985, Ch. 1033, Sec. 18. Effective September 27, 1985.
Cite This Page — Counsel Stack
Bluebook (online)
California § 53588., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/53588..