Tex. Gov't Code Section 1503.105
Bonds Not Payable from Taxes


A municipality may not use proceeds of a tax to pay the principal of or interest on:

(1)

bonds issued under this subchapter; or

(2)

bonds issued to refund bonds issued under this subchapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1503.105 — Bonds Not Payable from Taxes, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1503.­htm#1503.­105 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 1503.105’s source at texas​.gov