Sec. 563.107. EXEMPTION FROM TAXATION. A bond issued under this chapter, any transaction relating to the bond, and profits made in the sale of the bond are exempt from taxation by this state or by a municipality or other political subdivision of the state.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 15, eff. Sept. 1, 1999.
Renumbered from Local Government Code, Section 413.107 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.76(b)(3), eff. April 1, 2009.
Structure Texas Statutes
Title 13 - Water and Utilities
Subchapter C. Bonds for Water or Wastewater System
Section 563.101. Pledge for Payment of Bonds
Section 563.102. Additional Bond Security
Section 563.103. Contents of Order or Resolution Authorizing Issuance of Bonds
Section 563.104. Adoption and Execution of Documents
Section 563.106. Authorized Investment for Savings and Loan Association