California Statutes
§ 26029. — 26029. (Added by Stats. 1980, Ch. 908, Sec. 1.)
California·Code PRC Public Resources Code - PRC·Div. 16. DIVISION 16. CALIFORNIA ALTERNATIVE ENERGY AND ADVANCED TRANSPORTATION FINANCING AUTHORITY ACT·Ch. 1. CHAPTER 1. California Alternative Energy and Advanced Transportation Financing Authority·Art. 3.5. ARTICLE 3.5. Supplemental Bond Provisions
The authority shall not be required to pay any property taxes or assessments upon, or in respect to, a project or any property acquired by or for the authority under the provisions of this division or upon the income therefrom, so long as the authority holds title to such project or the property or facilities comprised in the project. The exemption of the authority from taxation of any project herein provided shall cease forthwith when title to such property is transferred from the authority to any participating party. The provisions of this section shall not exempt any participating party from taxation including, but not limited to, taxation upon a possessory interest, with respect to any project, or the property or facilities comprised in any project, which may otherwise be applicable to
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California § 26029. (26029. (Added by Stats. 1980, Ch. 908, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1980, Ch. 908, Sec. 1.