Section 33-60-110 - Exemption from taxation

Any bonds issued by the trust fund board and the transfer of and the income from any bonds issued by the trust fund board are exempt from all taxation and assessments in the state. In the resolution authorizing the bonds, the trust fund board may waive the exemption from federal income taxation for interest on the bonds.L. 2001: Entire section added, p. 908, § 4, effective June 1.