The following are exempt from taxation by this state or a political subdivision of this state:(1) bonds issued by the district;(2) the transfer and issuance of the bonds; and(3) profits made in the sale of the bonds. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Texas Legal Code