Tax Exemption for Principal and Interest

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Sec. 12. The principal of and the interest on bonds and notes issued by the corporation under this chapter are exempt from taxation of every kind by the state and by the municipalities and other political subdivisions of the state.

[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-5.]

As added by P.L.2-2007, SEC.257. Amended by P.L.79-2017, SEC.69.


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