Bonds of an authority are issued for an essential public and governmental purpose and are public instrumentalities. The bonds, interest on the bonds, and income from the bonds are exempt from taxes.
Tex. Loc. Gov't Code § 392.086
TAX EXEMPTION
Known as the Housing Authorities Law
The act spans §§ 392.001 to 392.104 (67 sections).
Acts 1987, 70th Leg., ch. 149, 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.