Tex. Gov't Code § 1505.106 · Subchapter C. OBLIGATIONS FOR TOLL BRIDGES AND OTHER FACILITIES IN CERTAIN COASTAL MUNICIPALITIES
OBLIGATIONS NOT PAYABLE FROM TAXES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An obligation issued under this subchapter:
(1) is not a debt of the municipality;
(2) may be a charge only against the revenue, property, or improvement pledged for the payment of the obligation; and
(3) may not be included in determining the power of the municipality to issue bonds or lend its credit for any purpose authorized by law.
(b) Each obligation issued under this subchapter must contain the following provision: "The holder of this obligation is not entitled to demand payment of this obligation from 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.1505.htm
- Text hash
- sha256 3dce6d50c0b61c8f95bd730af5caa2db456984e89b6e660b37610d6c8610ee3c
- 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.