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 2013, 83rd Leg., R.S., Ch. 1306 (H.B. 3793), Sec. 5, eff. September 1, 2013.
Texas Legal Code