{"data":{"id":"us-tx/tex.-government-code-1503.155","jurisdiction":"us-tx","citation":"Tex. Government Code § 1503.155","heading":"OBLIGATION NOT DEBT.","body":"An obligation described by Section 1503.152 or 1503.153:\n(1) may be a charge only on the property encumbered;\n(2) is not a debt of the municipality; and\n(3) may not be included in determining the power of the municipality to issue bonds for any purpose authorized by law.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES","CHAPTER 1503. OBLIGATIONS FOR MUNICIPAL AIRPORTS","SUBCHAPTER D. ENCUMBRANCE OF AIRPORTS IN MUNICIPALITIES WITH POPULATION OF MORE THAN 160,000"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1503.htm#1503.155","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"134315041f689c6deb620d81d1486e0409c8ccd89c3ec62983af4f733f55c7bd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1503.154","next":"us-tx/tex.-government-code-1503.156"},"notice":"GroundRules: Original legal text. Not legal advice."}