Tex. Gov't Code § 1504.005 · Subchapter A. REVENUE BONDS FOR CERTAIN FACILITIES
BONDS NOT PAYABLE FROM TAXES; EXCEPTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The owner or holder of a bond issued under this subchapter is not entitled to demand payment of the principal of or interest on the bond from money raised by taxation.
(b) Subsection (a) does not apply to a demand for payment from hotel occupancy taxes that are pledged under Chapter 351, Tax Code, to the payment of the bond.
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.1504.htm
- Text hash
- sha256 3b62f2d2ed6bc897600364efa135a88eb6fe6be2694402bfabda37bd98ba100e
- 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
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