Sec. 11006.264. BONDS EXEMPT FROM TAXATION. An authority 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 11006 - South Texas Water Authority
Section 11006.251. Authority to Issue Bonds
Section 11006.252. Form of Bonds
Section 11006.254. Election for Bonds Payable From Ad Valorem Taxes
Section 11006.255. Bonds Secured by Revenue; Additional Bonds
Section 11006.256. Bonds Payable From Ad Valorem Taxes
Section 11006.257. Additional Security
Section 11006.258. Trust Indenture
Section 11006.259. Charges for Authority Services
Section 11006.260. Use of Bond Proceeds
Section 11006.261. Appointment of Receiver
Section 11006.262. Refunding Bonds
Section 11006.263. Limitation on Rights of Bondholders
Section 11006.264. Bonds Exempt From Taxation
Section 11006.265. Detachment of Authority Territory After Issuance of Bonds