Bonds issued under this chapter, the income from the bonds, and the profit made on their sale are free from taxation within the state.
Official text of the Texas Water Code as published by the Texas Legislative Council.
Water Code › Title 2 › Chapter 17 › Subchapter B
Texas Water Code § 17.031
Bonds Not Taxable
Public Funding · Water Development Bonds
Legislative history
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977; Acts 1987, 70th Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1987.