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 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Texas Legal Code