Sec. 11010.205. BONDS, NOTES, AND OTHER OBLIGATIONS EXEMPT FROM TAXATION. A bond, note, or other obligation issued under this chapter, a transaction related to the bond, note, or other obligation, the interest on the bond, note, or other obligation, and the profit from the sale of the bond, note, or other obligation are exempt from taxation by this state or a political subdivision of this state.
Added by Acts 2017, 85th Leg., R.S., Ch. 806 (S.B. 1198), Sec. 2, eff. June 15, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle X - Districts With Combined Powers
Chapter 11010 - Alliance Regional Water Authority
Subchapter E. Bonds, Notes, and Other Obligations
Section 11010.201. Revenue Bonds, Notes, and Other Obligations
Section 11010.202. Election Not Required
Section 11010.203. Use of Revenue and Growth Projections
Section 11010.204. Refunding Bonds
Section 11010.205. Bonds, Notes, and Other Obligations Exempt From Taxation