Tex. Gov't Code § 1503.155 · Subchapter D. ENCUMBRANCE OF AIRPORTS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 160,000
OBLIGATION NOT DEBT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An obligation described by Section 1503.152 or 1503.153:
(1) may be a charge only on the property encumbered;
(2) is not a debt of the municipality; and
(3) may not be included in determining the power of the municipality to issue bonds for any purpose authorized by law.
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.1503.htm
- Text hash
- sha256 06309e4ba0f84f84e2522673d3749672e2d35772e1f98f60fdc22699c72eb6db
- 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.