GroundRules
Tex. Water Code § 17.891: TAX EXEMPT BONDS.
Where this section sits in the code
- WATER CODE
- TITLE 2. WATER ADMINISTRATION
- SUBTITLE C. WATER DEVELOPMENT
- CHAPTER 17. PUBLIC FUNDING
- SUBCHAPTER J. AGRICULTURAL WATER CONSERVATION BOND PROGRAM
Since the board is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, the bonds issued under this subchapter 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 the 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.
Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.
Collected 2026-08-27T01:47:48Z. Source file · JSON