Section 99338.

Cal. Public Utilities Code - PUC § 99338.
in effect
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The bonds and interest or income from the bonds are exempt from taxation in this state, except from gift, inheritance, and estate taxes.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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Cal. Public Utilities Code - PUC § 99338. — Section 99338 | Public Utilities Code - PUC | Corpus