Tex. Gov't Code Section 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.

Source: Section 1433.069 — Exemptions from Taxation and Securities Act, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1433.htm#1433.069 (accessed May 11, 2024).

1433.001
Short Title 1433.002
Definitions 1433.003
Applicability of Chapter to Municipalities 1433.004
Cost of Project 1433.005
Ultimate Lessee 1433.006
Correction of Invalid Procedures 1433.007
Relocation or Alteration Expense 1433.008
Use of State Money 1433.021
Acquisition of Project 1433.022
Limitations on Acquisitions 1433.023
Authority to Issue Revenue Bonds 1433.024
Lease of Project 1433.025
Advertising for Certain Contracts 1433.026
Prohibited Operations 1433.041
Department Approval of Lease 1433.042
Regulation of Leases 1433.043
Issuer’s Authority 1433.044
Bond Resolution 1433.045
Protest 1433.046
Election Order 1433.047
Notice of Election 1433.048
Ballot Proposition 1433.049
Results of Election 1433.061
Issuance of Bonds 1433.062
Money Used to Pay Bonds 1433.063
Bonds Not Debt of State or Issuer 1433.064
Maturity 1433.065
Sale of Bonds 1433.066
Interim Receipts 1433.067
Use of Bond Proceeds 1433.068
Refunding Bonds 1433.069
Exemptions from Taxation and Securities Act 1433.101
Security for Bond 1433.102
Default in Lease Agreement or Mortgage 1433.103
Purchase Option

Accessed:
May 11, 2024

§ 1433.069’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._gov't_code_section_1433.069

Original Source: Section 1433.069 — Exemptions from Taxation and Securities Act, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1433.htm#1433.069 (last accessed May 11, 2024).