Tex. Loc. Gov't Code § 321.077 · Subchapter D. REVENUE BONDS
BONDS NOT STATE OR COUNTY DEBT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The bonds are not a debt of the county or this state within the meaning of any constitutional or statutory provision, but are payable solely from the revenues pledged to their payment as provided by this subchapter.
(b) Each bond must contain on its face substantially the following provision: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation."
(c) The bonds may not be considered in determining the power of the county to incur obligations payable from taxation.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.321.htm
- Text hash
- sha256 392a82e35ab7ee693e967790d5633d1b7e672ed32c934fcf9168e8b15cd5f100
- 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.