48-3760. Federal income tax
considerations
The district 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.
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