Texas § WA.20.115 - TAX EXEMPT

Full text of Texas The Texas Constitution § WA.20.115 — TAX EXEMPT, with citation guidance and answers to common questions.

§ WA.20.115. TAX EXEMPT

TAX EXEMPT. Since the authority is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, the bonds issued under this Act, and the interest and income from the bonds, including any profit made on the sale of bonds, and all fees, charges, gifts, grants, revenues, receipts, and other money received or pledged to pay or secure the payment of bonds are free from taxation and assessments of every kind by this state and any city, county, district, authority, or other political subdivision of this state. Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.

Related Texas Legal Topics

Frequently Asked Questions About Texas § WA.20.115

What does The Texas Constitution § WA.20.115 cover?

Section WA.20.115 ("TAX EXEMPT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § WA.20.115?

A common citation format is "The Texas Constitution § WA.20.115" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § WA.20.115 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.