Sec. 8501.270. TAX EXEMPTION. An obligation issued under this chapter is exempt from taxation by this state or by any municipal corporation, county, or other political subdivision or taxing district of this state.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle G - River Authorities
Chapter 8501 - Angelina and Neches River Authority
Subchapter F. Obligations Relating to Borrowed Money
Section 8501.251. Power to Borrow Money; Evidence of Obligation
Section 8501.252. Obligation Payable From Revenue
Section 8501.253. No Creation of Debt; No Payment From Taxes
Section 8501.254. Time of Sale
Section 8501.257. Lien on Revenue
Section 8501.258. Sinking Fund: in General
Section 8501.259. Sinking Fund: Excess Money
Section 8501.260. Covenants for Marketability
Section 8501.261. Holder of Obligation May Compel Performance
Section 8501.262. Holder of Obligation Entitled to Administrator or Receiver
Section 8501.263. Additional Security for Obligation: Mortgage and Encumbrance
Section 8501.264. Sale Under Mortgage or Encumbrance
Section 8501.265. State Franchise Law Not Applicable
Section 8501.266. Deposit of Proceeds
Section 8501.267. Use of Unspent Proceeds After Project Completion
Section 8501.268. Insuring Improvements and Facilities