[§39A-164.5]  Federal tax exemptstatus.  Special purpose revenue bonds issued pursuant to this part, to theextent practicable, shall be issued to comply with requirements imposed byapplicable federal law providing that the interest on the special purposerevenue bonds shall be excluded from gross income for federal income taxpurposes (except as certain minimum taxes or environmental taxes may apply). The director of finance may enter into agreements, establish funds or accounts,and take any action required to comply with applicable federal law.  Nothing inthis part shall be deemed to prohibit the issuance of special purpose revenuebonds, the interest on which may be included in gross income for federal incometax purposes. [L 1996, c 142, §4]