CODE OF VIRGINIA

BONDS EXEMPT FROM TAXATION (§ 15.2-6411)

An authority shall not be required to pay any taxes or assessments of any kind
whatsoever, and its bonds, their transfer, the interest payable on them, and any
income derived from them, including any profit realized in their sale or
exchange, shall be exempt at all times from every kind and nature of taxation by
this Commonwealth or by any of its political subdivisions, municipal
corporations, or public agencies of any kind.

HISTORY: 1997, cc. 276, 587, § 15.1-1721.