{"data":{"id":"us-tx/tex.-local-government-code-392.086","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 392.086","heading":"TAX EXEMPTION.","body":"Bonds of an authority are issued for an essential public and governmental purpose and are public instrumentalities. The bonds, interest on the bonds, and income from the bonds are exempt from taxes.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C. PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 392. HOUSING AUTHORITIES ESTABLISHED BY MUNICIPALITIES AND COUNTIES","SUBCHAPTER E. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.392.htm#392.086","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"9a8e68ee1a4150ce6c55fdfcf1477f27ddeca59a7ff7cae814b11857d5d8e39a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-392.085","next":"us-tx/tex.-local-government-code-392.087"},"notice":"GroundRules: Original legal text. Not legal advice."}