Sec. 164.017. TAX EXEMPT. Since the board is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, the bonds issued under this chapter, and the interest and income from the bonds, including any profit made on the sale of bonds, and all fees, charges, gifts, grants, revenues, receipts, and other money received or pledged to pay or secure the payment of bonds are free from taxation and assessments of every kind by this state and any city, county, district, authority, or other political subdivision of this state.
Added by Acts 1993, 73rd Leg., ch. 242, Sec. 3.01, eff. Aug. 30, 1993.
Structure Texas Statutes
Chapter 164 - Veterans' Financial Assistance Program
Section 164.001. Purpose and Policy
Section 164.003. Financial Assistance Programs
Section 164.005. Rights and Powers of Board
Section 164.0051. Location of Veterans Homes
Section 164.006. Issuance of Bonds
Section 164.007. Conditions for Issuance of Bonds
Section 164.008. Form of Bonds
Section 164.009. Security for the Bonds
Section 164.010. Bond Enhancement Agreements
Section 164.013. Investment Securities
Section 164.014. Approval of the Attorney General
Section 164.015. Refunding Bonds
Section 164.016. Bonds as Investments and Security
Section 164.018. No Pledge of State Faith and Credit; Covenant With Owners of Bonds