Tex. Gov't Code § 1477.353 · Subchapter H. REVENUE ANTICIPATION NOTES IN CERTAIN COUNTIES
LIMIT ON AMOUNT OF NOTES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The total amount of revenue anticipation notes issued by the county under this subchapter may not exceed 50 percent of the amount of taxes levied by the county for the year in which the notes are issued.
(b) For purposes of Subsection (a), the total amount of revenue anticipation notes includes the:
(1) principal of the notes;
(2) interest to be paid on the notes; and
(3) cost of issuance of the notes.
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.1477.htm
- Text hash
- sha256 ed0c516b34ddb4248af35cda7a1058196fc21585fd3eaaef3be5b51a4d82abff
- 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.