Water Code › Title 2 › Chapter 20 › Subchapter B

Texas Water Code § 20.019

Property Tax Exempt

Texas Water Resources Finance Authority · Administrative Provisions

(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.

(b) If the authority is dissolved, all of its rights and properties vest in the state.

Official text of the Texas Water Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.