Tex. Gov't Code § 1507.253 · Subchapter F. BONDS FOR PAYMENT OF CURRENT EXPENSES IN MUNICIPALITIES WITH A POPULATION OF 161,000 OR MORE
PLEDGE OF REVENUE; PAYMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A warrant or note issued under this subchapter is a lien on:
(1) the revenue of the municipality for the fiscal year during which the warrant or note is issued that is available for payment of the warrant or note; or
(2) a designated portion of that revenue.
(b) A municipality shall pay a warrant or note:
(1) consecutively according to its respective date and number as money for payment becomes available; or
(2) on a date during the fiscal year on which, in the estimate of the governing body, sufficient revenue will be available for payment of the warrant or note.
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.1507.htm
- Text hash
- sha256 4afda8ebaeaa734fe8cfafef18c6624859d426912cc724ec3eb055ceeff7fe54
- 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.