The following are exempt from taxation by this state or a political subdivision of this state:(1) bonds issued or assumed by the district;(2) the transfer and issuance of the bonds; and(3) profits made in the sale of the bonds. Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
Texas Legal Code