The agency may consent, at or prior to the time of issuance of any issue of its bonds,
to the inclusion of interest on such bonds in the gross income of holders of such
bonds under the federal Internal Revenue Code of 1954, as amended, or any subsequent
federal law, to the same extent and in the same manner as the interest on bills, notes,
bonds and other obligations of the United States is includible in the gross income
of the holders thereof under the federal Internal Revenue Code of 1954, as amended,
or any subsequent federal law. Nothing contained in this act shall be construed to waive or to authorize the agency
to waive any other exemption, privilege or immunity of the State or to consent or
to authorize the agency to consent to the application of any other provision of any
other laws, federal or State, to the agency or to its bonds, which would not otherwise
be so applicable.
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