Texas Tax Code - Section 321.506. Use Of Tax Revenue By Municipality
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Texas Laws > Tax Code > Texas Tax Code - Section 321.506. Use Of Tax Revenue By Municipality
§ 321.506. USE OF TAX REVENUE BY MUNICIPALITY. Except as
provided by Section 321.507, the money received by a municipality
under this chapter is for the use and benefit of the municipality
and may be used for any purpose for which the general funds of the
municipality may be used, except that a municipality may not pledge
the revenue received under this chapter to the payment of bonds or
other indebtedness.
Added by Acts 1987, 70th Leg., ch. 191, § 1, eff. Sept. 1, 1987.
Section: 321.408 321.409 321.501 321.502 321.503 321.504 321.505 321.506 321.507 321.508 321.509 322.001 322.002 322.101 322.102
Last modified: August 11, 2007
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