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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>72150</law_id><section_number>22.1-172</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="22.1">Education</unit><unit label="chapter" level="2" order_by="1" identifier="11">Virginia Public School Authority</unit></structure><text>
						<section><p>The <span class="dictionary">bonds</span> issued by the <span class="dictionary">Authority</span> under the provisions of this chapter, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the Commonwealth and by any municipality, county, or any other political subdivision thereof.</p></section></text><history>Code 1950, &#xA7; 22-29.12; 1962, c. 194; 1980, c. 559.</history><metadata></metadata></law>
