Tex. Gov't Code § 1503.155

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

Section 1503.155 - Obligation Not Debt

An obligation described by Section 1503.152 or 1503.153:

(1) may be a charge only on the property encumbered;

(2) is not a debt of the municipality; and

(3) may not be included in determining the power of the municipality to issue bonds for any purpose authorized by law.

Tex. Gov't. Code § 1503.155

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