Texas Government Code § 1509.206 Bonds Not Payable From Taxes

Sec. 1509.206. BONDS NOT PAYABLE FROM TAXES. A bond issued under this subchapter:

(1) is payable only from the revenue, income, receipts, or another resource of the municipality as provided by this subchapter; and

(2) is not a tax obligation of the municipality.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Section: Previous  1509.162  1509.163  1509.201  1509.202  1509.203  1509.204  1509.205  1509.206  1509.207  1509.208  1509.209  1509.210  1509.211  1509.212  1509.213  Next

Last modified: September 28, 2016