§11498. Tax exemption
Bonds issued under this chapter constitute a proper public purpose and the securities, their transfer and the income from them, including any profits made on their sale, are at all times exempt from taxation within the State, whether or not those securities, their transfer or the income from them, including any profits made on their sale, are subject to federal taxation. [PL 2003, c. 455, §2 (NEW).]
SECTION HISTORY
PL 2003, c. 455, §2 (NEW).
Structure Maine Revised Statutes
Part 5: POST-SECONDARY EDUCATION
Chapter 417-F: HIGHER EDUCATION LOAN PURCHASE PROGRAM
20-A §11491. Purpose; program established
20-A §11493. Higher Education Loan Purchase Program
20-A §11494. Records confidential
20-A §11496. Trust agreement; pledge of security
20-A §11496-A. Capital reserve funds; obligation of the State
20-A §11497. Loan transactions
20-A §11499. Bonds as legal investments
20-A §11499-A. Taxable bond option
20-A §11499-B. Agreement of the State