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Texas Natural Resources Code

§ 164.017 — TAX EXEMPT

NR § 164.017Title 7. RESOURCES PROGRAMS · Ch. 164. VETERANS' FINANCIAL ASSISTANCE PROGRAM

Statute text

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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 chapter, 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 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.

Legislative history

Added by Acts 1993, 73rd Leg., ch. 242, Sec. 3.01, eff. Aug. 30, 1993.

Source: Texas Natural Resources Code § 164.017 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.