Section 2306.556 - Exempt From Taxation And Registration(a) The corporation is exempt from all taxation by the state or a political subdivision of the state, including a municipality.(b) A bond or other obligation issued by the corporation is an exempt security under The Securities Act (Title 12, Government Code) , and unless specifically provided otherwise, under any subsequently enacted securities act. Any contract, guaranty, or other document executed in connection with the issuance of the bond or other obligation is not an exempt security under that Act, and unless specifically provided otherwise, under any subsequently enacted securities act. Tex. Gov't. Code § 2306.556
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 2.27, eff. 1/1/2022.Amended by Acts 1997, 75th Leg., ch. 980, Sec. 47, eff. 9/1/1997.Added by Acts 1995, 74th Leg., ch. 76, Sec. 5.66(d), eff. 9/1/1995.