[§39A-295]  Federal tax-exempt status.  Tothe extent practicable, special purpose revenue bonds issued pursuant to thispart shall be issued to comply with requirements imposed by applicable federallaw providing that the interest on the special purpose revenue bonds shall beexcluded from gross income for federal income tax purposes, except as certainminimum taxes or environmental taxes may apply.  The department may enter intoagreements, establish funds or accounts, and take any action required to complywith applicable federal law.  Nothing in this part shall be deemed to prohibitthe issuance of special purpose revenue bonds, the interest on which may beincluded in gross income for federal income tax purposes. [L 2006, c 102, pt of§2]