Statutes > Georgia Statutes > TITLE 32 - HIGHWAYS, BRIDGES, AND FERRIES > CHAPTER 10 - PUBLIC AUTHORITIES > ARTICLE 2 - STATE ROAD AND TOLLWAY AUTHORITY > PART 2 - REVENUE BONDS > § 32-10-94 - Status of bonds as negotiable instruments; tax exemption for bonds, their transfer, and income therefrom

§ 32-10-94 - Status of bonds as negotiable instruments; tax exemption for bonds, their transfer, and income therefrom

O.C.G.A. 32-10-94 (2010)
32-10-94. Status of bonds as negotiable instruments; tax exemption for bonds, their transfer, and income therefrom


All revenue bonds issued under this article shall have and are declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the state. Such bonds, their transfer, and the income therefrom shall be exempt from all taxation in this state.