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All bonds, notes, borrowings, or other evidences of indebtedness of an auxiliary organization and interest thereon or income therefrom are exempt from all taxation in the state other than estate and generation skipping transfer taxes.
Cite this article: FindLaw.com - California Code, Education Code - EDC § 89912 - last updated January 01, 2019 | https://codes.findlaw.com/ca/education-code/edc-sect-89912/
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