Sec. 17.891. TAX EXEMPT BONDS. 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 subchapter 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 the 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 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Subchapter J. Agricultural Water Conservation Bond Program
Section 17.872. Issuance of Bonds
Section 17.873. Conditions for Issuance of Bonds
Section 17.874. Periodic Determination of Interest
Section 17.875. Persons Designated to Act as Agents of Board
Section 17.876. Security Qualifications
Section 17.877. Investment Securities
Section 17.880. Sale of Securities
Section 17.881. Sale of Obligations to Texas Water Resources Finance Authority
Section 17.882. Resolutions, Orders, Etc
Section 17.883. Bond Review Board
Section 17.884. Approval of Attorney General
Section 17.885. Bonds Incontestable
Section 17.886. Payment and Transfers by Comptroller
Section 17.887. Refunding Bonds
Section 17.888. Mutilated, Lost, or Destroyed Bonds
Section 17.889. Eligible Security
Section 17.890. Legal Investments
Section 17.891. Tax Exempt Bonds
Section 17.892. Enforcement by Mandamus
Section 17.893. Subchapter Cumulative of Other Laws
Section 17.894. Bond Enhancement Agreements; Payment of Expenses
Section 17.895. Sources of Assets
Section 17.896. Repayment Proceeds
Section 17.897. Conservation Program
Section 17.898. Conservation Project
Section 17.899. Eligible Fund Uses
Section 17.900. Grant to State Agency
Section 17.901. Grant or Loan to Political Subdivision
Section 17.902. Review of Application for and Approval of Grant
Section 17.9021. Application for and Approval of Loan
Section 17.9022. Financing of Grant or Loan for Political Subdivision; Default; Venue
Section 17.903. Contract Authority
Section 17.904. Linked Deposit
Section 17.905. Linked Deposit Program
Section 17.907. Approval or Rejection of Application
Section 17.908. Deposit Agreement
Section 17.910. State Liability Prohibited