Tex. Gov't Code Section 1251.006
Certain Bonds Exempted


Sections 1251.001 (Bond Election Required), 1251.002, and 1251.004 (Imposition of Tax) do not apply to:


refunding bonds of a county or municipality; or


bonds issued in an amount less than $2,000 to repair a building or structure that may be built using the proceeds of bonds.


If bonds described by Subsection (a)(2) are issued, the aggregate principal amount of those bonds may not exceed $2,000 in a calendar year.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1251.006 — Certain Bonds Exempted, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1251.­htm#1251.­006 (accessed Dec. 2, 2023).

Dec. 2, 2023

§ 1251.006’s source at texas​.gov