SECTIONS 52180-52182 - California Statutes

GOVERNMENT CODE

SECTION 52180-52182

52180. It has been found and declared by the Legislature that the
activities of an authority constitute an important governmental
function and are for public uses and purposes and are governmental
functions of state concern. As a matter of legislative determination,
it is hereby found and declared that the property, projects, and
bonds of an energy authority are of such character as shall be exempt
from taxation.

52181. The property of an authority is exempt from all taxes and
special assessments of the state or any city, county, or political
subdivision of the state. In lieu of these taxes or special
assessments the authority may agree to make payments to any city,
county, or political subdivision of the state for services,
improvements, or facilities furnished by the city, county, or
political subdivision for the benefit of an energy project owned by
the authority.

52182. The bonds of an authority are issued for an essential public
and governmental purpose, and, together with interest thereon and
income therefrom, are exempt from all taxes.