28-8535. Federal income tax considerations
The joint powers airport authority may make any covenant, order any rebate, file any tax return, report any information and order the limitation on the yield of any investment made with the proceeds from the sale of its bonds or with taxes, revenues or other income pledged, held in trust or otherwise used to pay principal, interest and premium, if any, on its bonds in consideration for retaining the exclusion from gross income for federal income tax purposes of the interest income on any bond.
Section: Previous 28-8527 28-8529 28-8530 28-8531 28-8532 28-8533 28-8534 28-8535 28-8536 28-9101 28-9102 28-9103 28-9104 28-9121 28-9122 NextLast modified: October 13, 2016