Tex. Water Code § 20.115 · Subchapter E. BOND PROCEDURES
TAX EXEMPT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Since the authority is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, the bonds issued under this Act, and the interest and income from the bonds, including any profit made on the sale of bonds, and all fees, charges, gifts, grants, revenues, receipts, and other money received or pledged to pay or secure the payment of bonds are free from taxation and assessments of every kind by this state and any city, county, district, authority, or other political subdivision of this state.
Notes and commentary — not statutory text
History
Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.20.htm
- Text hash
- sha256 cf9ffb75e1c426f0ed761d5c5a38faedc5ee23ac00f244a4a60bc8dab28f3379
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.