The following are exempt at all times from taxation of every kind and nature whatsoever by the State, a political subdivision, or a governmental unit of any kind:
(1) a bond or note that the Administration issues under this part;
(2) the transfer of, interest payable on, or income derived from the bond or note; and
(3) profit realized by the sale or exchange of the bond or note.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 4 - Division of Development Finance
Subtitle 2 - Community Development Administration
Part V - Development Expenditures; Administration Bonds and Notes
Section 4-244 - Powers of Administration
Section 4-245 - Authority to Borrow Money and Issue Bonds or Notes
Section 4-246 - Renewal and Refunding
Section 4-247 - Trust Agreement
Section 4-248 - Repayment; Lien
Section 4-249 - Repurchase; Redemption
Section 4-250 - Bond or Note of Administration -- Legal Status
Section 4-251 - Bonds and Notes Not State Debts