Sec. 1072.207.  BONDS NOT SUBJECT TO TAXATION.  The following are not subject to taxation by the state or by a political subdivision of the state:
(1)  bonds issued by the district;
(2)  any transaction relating to the bonds; and
(3)  profits made in the sale of the bonds.
Added by Acts 2009, 81st Leg., R.S., Ch. 876 (S.B. 2517), Sec. 3.01, eff. June 19, 2009.