Bonds exempt from taxation

Va. Code Ann. § 22.1-172, under Chapter 11. Virginia Public School Authority..

Va. Code Ann. § 22.1-172

The bonds issued by the Authority under the provisions of this chapter, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the Commonwealth and by any municipality, county, or any other political subdivision thereof.