An obligation issued by the board, any transaction relating to the obligation, and profits made from the sale of the obligation are exempt from taxation by this state or by a municipality or other political subdivision of this state.
Tex. Gov't Code § 1232.120
EXEMPTION FROM TAXATION
Known as the Texas Public Finance Authority Act
The act spans §§ 1232.001 to 1232.206 (65 sections).
Added by Acts 1999, 76th Leg., ch. 227, 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.