Tex. Education Code § 55.18: BONDS NOT OBLIGATIONS OF THE STATE.
Where this section sits in the code
- EDUCATION CODE
- TITLE 3. HIGHER EDUCATION
- SUBTITLE A. HIGHER EDUCATION IN GENERAL
- CHAPTER 55. FINANCING PERMANENT IMPROVEMENTS
- SUBCHAPTER B. REVENUE BONDS AND FACILITIES
Bonds issued by a board are payable solely from the revenues, income, receipts, or other resources of the board, as provided in this subchapter, and such bonds shall never be an obligation of the State of Texas.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
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