Tex. Gov't Code Section 1432.005
Pledge of Revenue

A local government may pledge all or part of the revenue, income, or receipts from a facility authorized by this chapter to the payment of bonds, including principal, interest, and any other amounts required or permitted in connection with the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1432.005 — Pledge of Revenue, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1432.­htm#1432.­005 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 1432.005’s source at texas​.gov