Tex. Loc. Gov't Code § 111.0708 · Subchapter C. ALTERNATE METHOD OF BUDGET PREPARATION IN COUNTIES WITH POPULATION OF MORE THAN 125,000

PLEDGING REVENUE AS SECURITY FOR BONDS AND OTHER OBLIGATIONS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

In preparing a county budget, a county may secure county bonds or other obligations by pledging for the term of the bonds or other obligations:

(1) any security authorized by law; or

(2) any revenue or receipts obtained by the county from the levy of a state tax if the state is required to pay the county the proceeds or receipts from the tax.

Notes and commentary — not statutory text

History

Added by Acts 1997, 75th Leg., ch. 1197, Sec. 8, eff. June 20, 1997.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/LG/htm/LG.111.htm
Text hash: sha256 c9ba39458179dc2ec958ed173cea11a652443105659388fadfbfea3182f9780d
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.