Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 1477.353: LIMIT ON AMOUNT OF NOTES.

Where this section sits in the code

GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES
CHAPTER 1477. OBLIGATIONS FOR OTHER COUNTY PURPOSES
SUBCHAPTER H. REVENUE ANTICIPATION NOTES IN CERTAIN COUNTIES

(a) The total amount of revenue anticipation notes issued by the county under this subchapter may not exceed 50 percent of the amount of taxes levied by the county for the year in which the notes are issued.

(b) For purposes of Subsection (a), the total amount of revenue anticipation notes includes the:

(1) principal of the notes;

(2) interest to be paid on the notes; and

(3) cost of issuance of the notes.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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