Tex. Gov't Code § 1301.004 · Chapter 1301. COUNTY BONDS
PAYMENT OF INTEREST AND CREATION OF SINKING FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Taxes imposed to pay the interest on bonds issued under this chapter and to create a sinking fund for the redemption of those bonds may not exceed:
(1) 25 cents per $100 valuation for courthouse or jail bonds; and
(2) 15 cents per $100 valuation for bridge or road and bridge bonds.
(b) If the principal of and all interest on bonds issued under this chapter are fully paid and a surplus not exceeding $1,000 remains in the sinking fund, the surplus may be used by the county to maintain and repair the courthouse, jail, roads, or bridges of the county, as determined by the commissioners court.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1301.htm
- Text hash
- sha256 693bd3368c8eba2009d90df34107a08452c9814e25b5006bcb8f469fa56000e6
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.