Tex. Spec. Dist. Local Laws Code § 3503.151 · Subchapter D. ADDITIONAL FINANCIAL PROVISIONS
USE OF REVENUE FROM OTHER GOVERNMENTAL ENTITIES; LIMITATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Any governmental entity of this state may:
(1) use and pledge available revenue for the payment of an amount due under a contract entered into with the authority as an additional source of payment of the contracts or as the sole source of payment of the contracts; and
(2) covenant with respect to available revenue to assure the availability of the revenue when required.
(b) The governmental entity may not use, pledge, or covenant under this section revenue from ad valorem taxes, or the proceeds of bonds paid wholly or partly from ad valorem taxes, unless the use, pledge, or covenant has been approved by the voters of the governmental entity at an election called for the purpose of:
(1) imposing taxes or issuing or refunding bonds; or
(2) using or pledging the entity's revenue or proceeds under contracts with the authority under this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.02, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3503.htm
- Text hash
- sha256 09f668b54ada9a63d96603523c2bffe6d54bf480d015b8ec2a649d33ca6f350f
- 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.