Home/California/Statutes/Code PUC: Public Utilities Code - PUC/Div. 11.: DIVISION 11. TRANSIT DEVELOPMENT BOARDS/Ch. 6.: CHAPTER 6. Bonds and Other Evidences of Indebtedness/Art. 5.: ARTICLE 5. Miscellaneous/§ 120701.
California Statutes

§ 120701. — 120701. (Added by Stats. 1983, Ch. 599, Sec. 2.)

California § 120701.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 11.DIVISION 11. TRANSIT DEVELOPMENT BOARDS
Ch. 6.CHAPTER 6. Bonds and Other Evidences of Indebtedness
Art. 5.ARTICLE 5. Miscellaneous

This text of California § 120701. (120701. (Added by Stats. 1983, Ch. 599, Sec. 2.)) 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. Public Utilities Code - PUC Code § 120701. (2026).

Text

All bonds and other evidences of indebtedness issued by the board under this chapter, and the interest thereon, are free and exempt from all taxation within the state, except for transfer, franchise, inheritance, and estate taxes.

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Legislative History

Added by Stats. 1983, Ch. 599, Sec. 2.
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California § 120701., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/120701..