Statute · California Public Resources Code
Cal. Pub. Res. Code § 26029 — Supplemental Bond Provisions
Cal. Pub. Res. Code § 26029
- Type
- Statute
- Source
- California Public Resources Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Pub. Res. Code § 26029 — Supplemental Bond Provisions is in force in the current edition of the Code, and nothing recorded condemns it.
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 such participating party.