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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>63629</law_id><section_number>15.2-6411</section_number><catch_line>Bonds exempt from taxation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="1" identifier="64">Virginia Regional Industrial Facilities Act</unit></structure><text>
						<section><p>An <span class="dictionary">authority</span> shall not be required to pay any taxes or assessments of any kind whatsoever, and its <span class="dictionary">bonds</span>, their transfer, the interest payable on them, and any income derived from them, including any profit realized in their sale or exchange, shall be exempt at all times from every kind and nature of taxation by this Commonwealth or by any of its political subdivisions, municipal corporations, or public agencies of any kind.</p></section></text><history>1997, cc. 276, 587, &#xA7; 15.1-1721.</history><metadata></metadata></law>
