{"data":{"id":"us-tx/tex.-government-code-1504.205","jurisdiction":"us-tx","citation":"Tex. Government Code § 1504.205","heading":"OBLIGATIONS NOT PAYABLE FROM TAXES.","body":"(a) An obligation issued under this subchapter:\n(1) is not a debt of the municipality;\n(2) may be a charge only on the property of the exposition or convention hall encumbered; and\n(3) may not be included in determining the power of the municipality to issue bonds for any purpose authorized by law.\n(b) Each contract, bond, or note issued or executed under this subchapter must contain the following provision: \"The holder of this obligation is not entitled to demand payment of this obligation out of any money raised by taxation.\"\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 1504. OBLIGATIONS FOR MUNICIPAL BUILDINGS","SUBCHAPTER E. OBLIGATIONS FOR EXPOSITION AND CONVENTION HALLS IN MUNICIPALITIES WITH POPULATION OF 290,000 OR MORE"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1504.htm#1504.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"1c0ff6e30404489f4cb78660e9a4d357373d27aac741f1ae305903d84dfd747a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1504.204","next":"us-tx/tex.-government-code-1504.206"},"notice":"GroundRules: Original legal text. Not legal advice."}