District bonds, a transaction relating to the bonds, and a profit made in the sale of the bonds are exempt from state or local taxation.
Official text of the Texas Transportation Code as published by the Texas Legislative Council.
Transportation Code › Title 6 › Chapter 441 › Subchapter I
Texas Transportation Code § 441.176
Tax Exemption
Road Utility Districts · Bonds
Legislative history
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.