Tex. Gov't Code § 1477.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1477.003 - Bond Payments From Revenue or Taxes

The commissioners court may provide for payment of the principal of and interest on bonds issued under this subchapter by:

(1) pledging all or part of the revenue from a lease of all or part of the real property, building, or other facility financed by the bonds, after deduction of reasonable operation and maintenance costs;

(2) imposing an annual ad valorem tax; or

(3) combining those sources.

Tex. Gov't. Code § 1477.003

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.