Tex. Gov't Code § 1473.053 · Subchapter C. SECURITIES TO IMPROVE OR REPAIR CERTAIN BUILDINGS
OBLIGATIONS NOT PAYABLE FROM TAXES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A security issued under this subchapter:
(1) is not a debt of the county;
(2) may be a charge only on the revenue that is pledged, assigned, or encumbered; and
(3) may not be included in determining the power of the county to issue bonds for any purpose authorized by law.
(b) Each security issued under this subchapter must include the following provision: "The holder of this obligation is not entitled to demand payment of this obligation out of any money raised by taxation."
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.1473.htm
- Text hash
- sha256 a8b93bd66423f45143a6ba1afa3d6189e65360a41c8e48196f61dba2e3ccef57
- 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.