Tex. Gov't Code § 1471.013 · Subchapter B. ISSUANCE OF BONDS
TAX ANTICIPATION NOTES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A political subdivision may issue tax anticipation notes authorized by Section 1471.012 for any purpose for which the political subdivision is authorized to impose taxes under Subtitle C, Title 6, Transportation Code.
(b) Tax anticipation notes must be secured by the proceeds of taxes to be imposed in the succeeding 12 months.
(c) The commissioners court may covenant with purchasers of the notes to impose a tax sufficient to pay:
(1) the principal of and interest on the notes; and
(2) the costs of collecting the taxes.
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 9562a4656fd1fcd14eddea937821eddcfb66d696d1b8ea6066d73cd7c8302e33
- 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
This section cites
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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.