Statutes, codes, and regulations
Texas Administrative Code
Title 1 - ADMINISTRATIONPart 3 - OFFICE OF THE ATTORNEY GENERALChapter 53 - MUNICIPAL SECURITIES
Subchapter A - APPROVAL OF MUNICIPAL SECURITIES BY ATTORNEY GENERAL
Section 53.8 - Appropriated Funds and Capitalized Interest

1 Tex. Admin. Code § 53.8

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Current through Reg. 49, No. 52; December 27, 2024
Section 53.8 - Appropriated Funds and Capitalized Interest

When an issuer must pay debt service on a proposed ad valorem tax public security or combination ad valorem tax and revenue public security before the initial tax levy can be collected, the issuer must provide certification that the issuer has appropriated lawfully available funds for such payment.

1 Tex. Admin. Code § 53.8

The provisions of former §53.8 adopted to be effective January 1, 1976; current section adopted by Texas Register, Volume 41, Number 53, December 30, 2016, TexReg 10543, eff. 1/5/2017