{"data":{"id":"us-tx/tex.-government-code-1505.081","jurisdiction":"us-tx","citation":"Tex. Government Code § 1505.081","heading":"EXEMPTION FROM TAXATION.","body":"(a) A bond or interest coupon issued under this subchapter is exempt from taxation under any law of this state.\n(b) In addition to the provisions required by Section 1505.059(b), each bond issued under this subchapter must state on its face the following provision: \"The principal of and interest on this bond are exempt from taxation under any law of the State of Texas.\"\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES","CHAPTER 1505. OBLIGATIONS FOR COASTAL MUNICIPALITIES FOR COASTAL MATTERS","SUBCHAPTER B. BONDS FOR NAVIGATIONAL FACILITIES IN CERTAIN COASTAL MUNICIPALITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1505.htm#1505.081","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"fad9551ebff2d640e8ddaf571f1adde7a30413a0a1580bb6f27477cdf2f4c58e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1505.080","next":"us-tx/tex.-government-code-1505.101"},"notice":"GroundRules: Original legal text. Not legal advice."}