Sec. 8504.308. TAX EXEMPTION. An obligation issued under this chapter is exempt from taxation by this state or by any political subdivision of this state.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle G - River Authorities
Chapter 8504 - Lower Neches Valley Authority
Subchapter G. Obligations Relating to Borrowed Money
Section 8504.301. General Power to Borrow Money
Section 8504.302. Covenants for Marketability
Section 8504.303. Holder of Obligation May Compel Performance
Section 8504.304. Holder of Obligation Entitled to Administrator or Receiver
Section 8504.305. Additional Security for Obligation: Mortgage and Encumbrance
Section 8504.306. Sale Under Mortgage or Encumbrance