[§39A-325]  Federal tax exemptstatus.  To the extent practicable, special purpose revenue bonds issuedpursuant to this part shall be issued to comply with requirements imposed byapplicable federal law providing that the interest on the special purpose revenuebonds shall be excluded from gross income for federal income tax purposes,except as certain minimum taxes or environmental taxes may apply.  The directorof finance 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 2006, c 148, pt of §1]