Sec. 11005.264. BONDS EXEMPT FROM TAXATION. A district bond, the transfer of the bond, and the income from the bond, including profits made on the sale of the bond, are exempt from taxation in this state.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.07, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle X - Districts With Combined Powers
Chapter 11005 - Muenster Water District
Section 11005.251. Authority to Issue Bonds
Section 11005.252. Form of Bonds
Section 11005.254. Election for Bonds Payable From Ad Valorem Taxes
Section 11005.255. Bonds Secured by Revenue; Additional Bonds
Section 11005.256. Bonds Payable From Ad Valorem Taxes
Section 11005.257. Additional Security
Section 11005.258. Trust Indenture
Section 11005.259. Rates for Services; Payment of Revenue Bonds
Section 11005.260. Use of Bond Proceeds
Section 11005.261. Appointment of Receiver
Section 11005.262. Refunding Bonds