Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 8501.253 - No Creation of Debt; No Payment From Taxes(a) An obligation issued under this chapter is not a debt or a pledge of credit of the authority.(b) The obligation: (1) may not be paid in whole or part from any money raised by taxation; and(2) must contain a recital to that effect.
Tex. Spec. Dist. Loc. Laws § 8501.253
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. 4/1/2005.