The following are exempt from taxation by this state or a political subdivision of this state:(1) bonds issued by the district;(2) any transaction relating to the bonds; and(3) profits made in the sale of the bonds. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Texas Legal Code