{"data":{"id":"us-tx/tex.-water-code-20.019","jurisdiction":"us-tx","citation":"Tex. Water Code § 20.019","heading":"PROPERTY TAX EXEMPT.","body":"(a) The property of the authority, its income, and its operations are exempt from all taxes and assessments imposed by the state and political subdivisions on property acquired or used by the authority under this chapter.\n(b) If the authority is dissolved, all of its rights and properties vest in the state.\nAdded by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.","path":["WATER CODE","TITLE 2. WATER ADMINISTRATION","SUBTITLE C. WATER DEVELOPMENT","CHAPTER 20. TEXAS WATER RESOURCES FINANCE AUTHORITY","SUBCHAPTER B. ADMINISTRATIVE PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/WA/htm/WA.20.htm#20.019","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:48Z","sha256":"2f5df4eb493452795162431cefdb1ecd15d8c1f2aec32fde601709b3d5dc3455","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-water-code-20.018","next":"us-tx/tex.-water-code-20.020"},"notice":"GroundRules: Original legal text. Not legal advice."}