Gavvy: Loc. Gov’t Code, Sec. 351.157. Tax Status of Bonds.

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Sec. 351.157. Tax Status of Bonds.

Sec. 351.157. TAX STATUS OF BONDS. Bonds issued by a district under this subchapter, any transaction relating to the bonds, and profits made in the sale of the bonds are free from taxation by the state or by any municipality, county, special district, or other political subdivision of the state.

Added by Acts 1989, 71st Leg., ch. 1, Sec. 74(a), eff. Aug. 28, 1989.

Gavvy last updated this database on: Sep 6, 2024