Sec. 9011.262. BONDS EXEMPT FROM TAXATION. A bond issued under this subchapter, the transfer of the bond, and income from the bond, including profits made on the sale of the bond, are exempt from taxation in this state.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.12, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9011 - Bell County Water Control and Improvement District No. 3
Section 9011.251. Authority to Issue Bonds
Section 9011.252. Form of Bonds
Section 9011.254. Election for Bonds Payable From Ad Valorem Taxes
Section 9011.255. Bonds Payable From Revenue
Section 9011.256. Tax and Rate Requirements
Section 9011.257. Additional Security
Section 9011.258. Trust Indenture or Deed of Trust
Section 9011.259. Use of Bond Proceeds
Section 9011.260. Appointment of Receiver