Tex. Gov't Code § 1508.203 · Subchapter E. CERTIFICATES OF INDEBTEDNESS FOR SEA LIFE PARK AND OCEANARIUM
SECURITY FOR CERTIFICATES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Certificates of indebtedness issued under this subchapter may be secured by and made payable from:
(1) taxes;
(2) revenue; or
(3) both taxes and revenue.
(b) To secure the repayment of certificates of indebtedness issued under this subchapter or bonds issued to refund certificates of indebtedness issued under this subchapter, the governing body of a municipality may:
(1) pledge any portion of the revenue from the ownership or operation of any facility, asset, or right under this subchapter; or
(2) execute a deed of trust or mortgage lien on any portion of a facility described by Section 1508.202.
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.1508.htm
- Text hash
- sha256 f41a78edb387f220a07f73e36cee9387fad1d81df693f3af9c7f11d4b2790190
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.