Tex. Spec. Dist. Local Laws Code § 8513.0501 · Subchapter E. GENERAL FINANCIAL PROVISIONS
OBLIGATION PAYABLE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A debt, liability, or obligation of the authority for the payment of money, however entered into or incurred and whether arising from an express or implied contract or otherwise, is payable solely:
(1) out of the revenue received by the authority with respect to its properties; or
(2) from any other money or income from any source coming into the authority's possession, including proceeds of sale of bonds.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 240 (H.B. 2692), Sec. 1, eff. May 29, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8513.htm
- Text hash
- sha256 d3004f879cd3864cca0db7580e01fb5e626bd3c64cfa799ea2983a9c0438741a
- 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.