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

Tex. Government Code § 1504.005: BONDS NOT PAYABLE FROM TAXES; EXCEPTION.

Where this section sits in the code

GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES
CHAPTER 1504. OBLIGATIONS FOR MUNICIPAL BUILDINGS
SUBCHAPTER A. REVENUE BONDS FOR CERTAIN FACILITIES

(a) The owner or holder of a bond issued under this subchapter is not entitled to demand payment of the principal of or interest on the bond from money raised by taxation.

(b) Subsection (a) does not apply to a demand for payment from hotel occupancy taxes that are pledged under Chapter 351, Tax Code, to the payment of the bond.

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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