Section 51313 Of Chapter 6.3. Special Needs Housing From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 6.3.

. The exercise of the powers granted by this chapter shall be in all respects for the benefit of the people of this state and for their health and welfare. Therefore, any bonds issued by the agency, pursuant to this chapter, their transfer, and the income therefrom shall at all times be free from taxation by the state or any political subdivision or other instrumentality of the state, excepting inheritance and gift taxes.