Statutes, codes, and regulations
Texas Codes
GOVERNMENT CODETitle 9 - PUBLIC SECURITIESSubtitle J - SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIESChapter 1505 - OBLIGATIONS FOR COASTAL MUNICIPALITIES FOR COASTAL MATTERS
Subchapter E - BONDS FOR HARBOR IMPROVEMENTS AND FACILITIES IN COASTAL MUNICIPALITIES WITH POPULATION OF LESS THAN 12,000
Section 1505.208 - Bonds Not Payable From Taxes

Tex. Gov't Code § 1505.208

Download
PDF
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1505.208 - Bonds Not Payable From Taxes
(a) A bond issued under this subchapter:
(1) is not a debt of the municipality; and
(2) may be a charge only against the property, facilities, and contracts authorized by the bond authorization.
(b) Each bond issued under this subchapter must state on its face the following provision: "The holder of this obligation is not entitled to demand payment of this obligation from any money raised by taxation."

Tex. Gov't. Code § 1505.208

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