Sec. 17.969. TAX EXEMPT BONDS. Since the board is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, water financial assistance bonds issued under this subchapter and the interest and income from the water financial assistance bonds, including any profit made on the sale of water financial assistance bonds, and all fees, charges, gifts, grants, revenues, receipts, and other money received or pledged to pay or secure the payment of water financial assistance 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 1997, 75th Leg., ch. 1010, Sec. 5.03.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Subchapter L. Water Financial Assistance Bond Program
Section 17.952. Issuance of Water Financial Assistance Bonds
Section 17.953. Conditions for Issuance of Water Financial Assistance Bonds
Section 17.954. Bond Enhancement Agreements; Payment of Expenses
Section 17.955. Persons Designated to Act as Agents of Board
Section 17.956. Texas Water Development Fund Ii
Section 17.957. State Participation Account
Section 17.958. Economically Distressed Areas Program Account
Section 17.959. Financial Assistance Account
Section 17.960. Bond Resolutions
Section 17.961. Transfers to Revolving Funds
Section 17.9615. Transfers to Rural Water Assistance Fund
Section 17.9616. Transfer to Water Infrastructure Fund
Section 17.9617. Transfers to State Water Implementation Revenue Fund for Texas
Section 17.962. State Approvals
Section 17.963. Payment of Board Obligations
Section 17.964. Eligible Security
Section 17.965. Legal Investments
Section 17.966. Mutilated, Lost, or Destroyed Bonds
Section 17.967. Refunding Bonds
Section 17.968. Sale of Political Subdivision Bonds by the Board; Use of Proceeds
Section 17.969. Tax Exempt Bonds