Tex. Special District Local Laws Code § 8501.253: NO CREATION OF DEBT; NO PAYMENT FROM TAXES.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE G. RIVER AUTHORITIES
- CHAPTER 8501. ANGELINA AND NECHES RIVER AUTHORITY
- SUBCHAPTER F. OBLIGATIONS RELATING TO BORROWED MONEY
(a) An obligation issued under this chapter is not a debt or a pledge of credit of the authority.
(b) The obligation:
(1) may not be paid in whole or part from any money raised by taxation; and
(2) must contain a recital to that effect.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Collected 2026-08-27T01:47:41Z. Source file · JSON