Because the property owned by authority will be held for educational purposes only and will be devoted exclusively to the use and benefit of the students, faculty, and staff members of an accredited institution of higher education, it is exempt from taxation of every character.
Tex. Educ. Code § 53.46
AUTHORITY EXEMPT FROM TAXATION
Known as the Higher Education Facility Authority for Public Schools Act
The act spans §§ 53–53 (28 sections).
Applied in 2 court decisions — leading case Texas Student Housing Authority v. Brazos County Appraisal District and Appraisal Review Board for Brazos County Appraisal District (2015)
Most recently applied in Texas Student Housing Authority v. Brazos County Appraisal District and Appraisal Review Board for Brazos County Appraisal District (April 2015)
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.