Tex. Gov't Code § 1471.012 · Subchapter B. ISSUANCE OF BONDS
EMERGENCY NOTES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If money is not available, a political subdivision may:
(1) declare an emergency to:
(A) pay the principal of and interest on bonds issued under this chapter any part of which is payable from taxes; or
(B) meet any other need of the political subdivision; and
(2) issue tax or bond anticipation notes to borrow the money needed.
(b) Notes issued under this section must mature not later than one year after their date.
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.1471.htm
- Text hash
- sha256 7aa2b0610297a824ceafdb50216d958ef4e654e487360c560e52a788f3b02656
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Gov't Code § 1471.012. Each shows the citation as that text prints it.
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.