Sec. 2211.210. EXEMPTION FROM TAXATION. Public securities issued under this subchapter, any interest from the public securities, and all assets pledged to secure the payment of the public securities are exempt from taxation by the state or a political subdivision of this state.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Subchapter E. Revenue Bond Program
Section 2211.203. Applicability of Other Laws
Section 2211.204. Issuance of Public Securities Authorized
Section 2211.205. Limitation on Amount of Public Securities
Section 2211.206. Terms of Issuance
Section 2211.207. Contents of Public Security Resolution; Administration of Accounts
Section 2211.208. Source of Payment
Section 2211.210. Exemption From Taxation
Section 2211.211. Authorized Investments
Section 2211.212. State Pledge Regarding Public Security Owner Rights and Remedies