Section 351.157. Tax Status of Bonds

TX Loc Govt Code § 351.157 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 351.157. TAX STATUS OF BONDS. Bonds issued by a district under this subchapter, any transaction relating to the bonds, and profits made in the sale of the bonds are free from taxation by the state or by any municipality, county, special district, or other political subdivision of the state.

Added by Acts 1989, 71st Leg., ch. 1, Sec. 74(a), eff. Aug. 28, 1989.