[§39A-265]  Federal tax-exempt status. To the extent practicable, special purpose revenue bonds issued pursuant tothis part shall be issued to comply with requirements imposed by applicablefederal law providing that the interest on the special purpose revenue bondsshall be excluded from gross income for federal income-tax purposes (except ascertain minimum taxes or environmental taxes may apply).  The director offinance may enter into agreements, establish funds or accounts, and take anyaction required to comply with applicable federal law.  Nothing in this partshall be deemed to prohibit the issuance of special purpose revenue bonds, theinterest on which may be included in gross income for federal income-taxpurposes. [L 2002, c 257, pt of §1]