Sec. 2306.494. BONDS NOT TAXABLE. The following are free from taxation or assessment by this state or a public agency:
(1) department bonds issued under this chapter;
(2) interest and income from department bonds, including a profit from the sale of the bonds; and
(3) all fees, charges, gifts, grants, revenues, receipts, and other money received or pledged to pay or secure the payment of the department's bonds.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions
Section 2306.491. Bonds Negotiable Instruments
Section 2306.492. Bonds Incontestable
Section 2306.493. Signature of Former Officer
Section 2306.494. Bonds Not Taxable
Section 2306.495. Authorized Investments
Section 2306.496. Security for Deposit of Funds
Section 2306.497. Mutilated, Lost, Stolen, or Destroyed Bonds