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2021 Texas Statutes
Government Code
Title 9 - Public Securities
Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities
Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources
Subchapter D. Bonds
Section 1433.069. Exemptions From Taxation and Securities Act
Universal Citation: TX Govt Code § 1433.069 (2021)
Sec. 1433.069. EXEMPTIONS FROM TAXATION AND SECURITIES ACT. (a) A bond issued under this chapter and the issuance and transfer of the bond, including any profit made in the sale of the bond, are exempt from taxation by this state or by a political subdivision of this state.
(b) A bond issued under this chapter and any coupon representing interest on the bond are exempt securities under The Securities Act (Title 12, Government Code).
(c) A lease agreement under this chapter is not a security under The Securities Act (Title 12, Government Code).
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.26, eff. January 1, 2022.
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