Sec. 772.229. TAX STATUS OF BONDS. Because a district created under this subchapter is a public entity performing an essential public function, bonds issued by the district, any transaction relating to the bonds and profits made in the sale of the bonds are exempt from taxation by the state or by any municipality, county, special district, or other political subdivision of the state.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Chapter 772 - Local Administration of Emergency Communications
Subchapter C. Emergency Communication Districts: Counties With Population Over 1.5 Million
Section 772.204. Application of Subchapter
Section 772.205. Additional Territory
Section 772.206. Board of Managers
Section 772.207. Powers and Duties of Board
Section 772.208. Director of District
Section 772.209. Budget; Annual Report; Audit
Section 772.210. Establishment of 9-1-1 Service
Section 772.211. Primary Emergency Telephone Number
Section 772.212. Transmitting Requests for Emergency Aid
Section 772.213. Powers of District
Section 772.214. 9-1-1 Emergency Service Fee
Section 772.215. Collection of Fee
Section 772.216. District Depository
Section 772.217. Allowable Expenses
Section 772.218. Number and Location Identification
Section 772.219. Public Review
Section 772.220. Dissolution Procedures
Section 772.221. Issuance of Bonds
Section 772.222. Repayment of Bonds
Section 772.223. Additional Security for Bonds
Section 772.224. Form of Bonds
Section 772.225. Provisions of Bonds
Section 772.226. Approval and Registration of Bonds
Section 772.227. Refunding Bonds
Section 772.228. Bonds as Investments and Security for Deposits