The following are not subject to taxation by the state or by a political subdivision of the 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 2009, 81st Leg., R.S., Ch. 876 (S.B. 2517), Sec. 3.01, eff. June 19, 2009.
Texas Legal Code