Tex. Spec. Dist. Local Laws Code § 8501.253 · Subchapter F. OBLIGATIONS RELATING TO BORROWED MONEY
NO CREATION OF DEBT; NO PAYMENT FROM TAXES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An obligation issued under this chapter is not a debt or a pledge of credit of the authority.
(b) The obligation:
(1) may not be paid in whole or part from any money raised by taxation; and
(2) must contain a recital to that effect.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8501.htm
- Text hash
- sha256 3f2b8f7544dcd6caa0e27d60dbbda6a920a57365b0b10f324b8403e941593a45
- 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.