Virginia Statutes
§ 21-156 — Exemption of bonds from taxation
Virginia·Title 21 DRAINAGE, SOIL CONSERVATION, SANITATION AND PUBLIC FACILITIES DISTRICTS·Ch. 3 SANITATION DISTRICTS LAW OF 1938 -- TIDAL WATERS·Art. 3 INCORPORATION; COMMISSION
The bonds of such district or commission, and the property owned or operated by such district or commission shall be exempt from all taxation, and the interest on the bonds shall take the same status under tax laws as the interest on bonds of other political subdivisions of the Commonwealth.
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Legislative History
1942, p. 600; Michie Code 1942, § 1560kk; 1944, p. 72; 1946, p. 528.
Nearby Sections
15
§ 21-1
Repealed§ 21-112.22
Definitions§ 21-114
Hearing and notice thereof§ 21-115
Answer and defense§ 21-117
Merger of sanitary districts§ 21-117.1
Abolishing sanitary districts