Sec. 1507.152. PLEDGE OF TAX. The governing body may pledge to the payment of the bonds issued under this subchapter an ad valorem tax sufficient to pay when due the principal of and interest on the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Section: Previous 1507.053 1507.054 1507.101 1507.102 1507.103 1507.104 1507.151 1507.152 1507.153 1507.154 1507.155 1507.156 1507.157 1507.158 1507.159 NextLast modified: September 28, 2016