Lucille is an avid boater living near Gotham City. Gotham has recently created a harbor improvement special assessment district to oversee renovations to the public boat docks and boardwalk area surrounding the city harbor. The special assessment district plans to issue bonds to fund a portion of the planned improvements. Lucille is considering an investment in these bonds, but is unsure whether the interest income she would earn qualifies for tax exemption. Prepare a written memorandum stating the research issue(s), your conclusions concerning the issues(s), and the specific statutory, regulatory, or judicial authority supporting your conclusions.