§ 8-133. State and local facilities loan

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(a) In general. -- The source of payment for the principal of and interest on each State bond that is sold as part of a State and local facilities loan shall be as provided in the enabling act under which the State bond is issued.

(b) Effect on tax exemption. -- This section does not affect any exemption from taxation provided by law.

HISTORY: An. Code 1957, art. 31, § 2B; 1985, ch. 11, § 2.

                    
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