Texas Water Code
§ 20.019 — PROPERTY TAX EXEMPT
WA § 20.019Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 20. TEXAS WATER RESOURCES FINANCE AUTHORITY · Art. B. ADMINISTRATIVE PROVISIONS
Statute text
View on source(a)The property of the authority, its income, and its operations are exempt from all taxes and assessments imposed by the state and political subdivisions on property acquired or used by the authority under this chapter.
(b)If the authority is dissolved, all of its rights and properties vest in the state.
Legislative history
Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.