Sec. 45.160. TAX EXEMPTION. Recognizing the fact that the property owned by an authority will be held for public purposes only and will be devoted exclusively to the use and benefit of the public, it is exempt from taxation of every character.
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.
Structure Texas Statutes
Subtitle I - School Finance and Fiscal Management
Chapter 45 - School District Funds
Subchapter F. Athletic Stadium Authorities
Section 45.152. Creation of Authority
Section 45.153. Board of Directors
Section 45.154. Construction, Acquisition, and Operation of Stadium
Section 45.156. Contracts With School Districts
Section 45.157. Examination of Bonds by Attorney General
Section 45.158. Charges for Use of Stadium
Section 45.161. Eminent Domain