North Carolina General Statutes
Article 2 - Joint Agencies; Municipalities.
§ 159B-26 - Tax exemption.

159B-26. Tax exemption.
Bonds shall at all times be free from taxation by the State or any political subdivision or any of their agencies, excepting inheritance or gift taxes, income taxes on the gain from the transfer of the bonds, and franchise taxes. The interest on the bonds is not subject to taxation as income. (1975, c. 186, s. 1; 1995, c. 46, s. 18.)

Structure North Carolina General Statutes

North Carolina General Statutes

Chapter 159B - Joint Municipal Electric Power and Energy Act

Article 2 - Joint Agencies; Municipalities.

§ 159B-4 - Authority of municipalities to jointly cooperate.

§ 159B-5 - Joint ownership of a project; provisions of the contract or agreement with respect thereto.

§ 159B-5.1 - Joint ownership with other public or private entities engaged in generation, transmission or distribution of electric power for resale.

§ 159B-6 - Sale of capacity and output by a municipality.

§ 159B-7 - Licenses, permits, certificates and approvals.

§ 159B-9 - Creation of a joint agency; board of commissioners.

§ 159B-10 - Executive committee, composition; powers and duties; terms.

§ 159B-11 - General powers of joint agencies; prerequisites to undertaking projects.

§ 159B-12 - Sale of capacity and output by a joint agency; support contracts; other contracts with a joint agency.

§ 159B-13 - Sale of excess capacity and output by a joint agency.

§ 159B-14 - Bonds of a joint agency.

§ 159B-15 - Issuance of bonds.

§ 159B-16 - Resolution or trust agreement.

§ 159B-16.1 - Revenues NCEMPA members.

§ 159B-17 - Revenues other municipalities.

§ 159B-18 - Trust funds; investment authority.

§ 159B-19 - Remedies.

§ 159B-20 - Status of bonds under Uniform Commercial Code.

§ 159B-21 - Bonds eligible for investment.

§ 159B-22 - Agreement of the State.

§ 159B-23 - Limited liability.

§ 159B-24 - Approval and sale of bonds.

§ 159B-25 - Refunding bonds.

§ 159B-26 - Tax exemption.

§ 159B-27 - Taxes; payments in lieu of taxes.

§ 159B-28 - Personnel.

§ 159B-29 - Dissolution of joint agencies.

§ 159B-30 - Annual reports.

§ 159B-30.1 - Additional reports.

§ 159B-31 - Legislative consent to the application of laws of other states.

§ 159B-32 - Government grants and loans.

§ 159B-33 - Eminent domain.

§ 159B-34 - Liability and defense.

§ 159B-35 - Additional method.

§ 159B-36 - Recodified as § 159B-52 by Session Laws 1983, c609, s8.

§ 159B-37 - Actions relating to bonds or to security for bonds.

§ 159B-38 - Confidentiality of contract discussions.

§ 159B-39 - Permitted uses of revenue from electric power rates.