Tex. Government Code § 1501.204: PLEDGE OF REVENUE.
Where this section sits in the code
- GOVERNMENT CODE
- TITLE 9. PUBLIC SECURITIES
- SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES
- CHAPTER 1501. OBLIGATIONS FOR MUNICIPAL UTILITIES
- SUBCHAPTER E. BONDS FOR IMPROVEMENT OF WATER AND SEWER SYSTEMS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 275,000
Bonds issued under this subchapter must be secured by a pledge of and be payable from the net revenue of the municipal water and sewer system, including any district property purchased with the bond proceeds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Collected 2026-08-27T01:47:16Z. Source file · JSON