Sec. 8505.156. TAX OR ASSESSMENT OR PLEDGE OF CREDIT OF STATE NOT AUTHORIZED BY CHAPTER. This chapter does not authorize the authority to:
(1) levy or collect a tax or assessment;
(2) create any debt payable out of taxes or assessments; or
(3) in any way pledge the credit of this state.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.
Last modified: September 28, 2016