{"data":{"id":"us-tx/tex.-government-code-1508.106","jurisdiction":"us-tx","citation":"Tex. Government Code § 1508.106","heading":"OBLIGATION 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 and revenue 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) A contract, bond, warrant, 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 1508. OBLIGATIONS FOR MUNICIPAL PARKS, RECREATIONAL FACILITIES, AND AIRPORTS","SUBCHAPTER C. OBLIGATIONS FOR HEALTH AND RECREATIONAL FACILITIES IN MUNICIPALITIES WITH POPULATION OF 5,000 OR MORE"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1508.htm#1508.106","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"b99942d8d36bb3cd217b482dba957d18461f86a52b0e4a8ceb4437e84ce1e411","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1508.105","next":"us-tx/tex.-government-code-1508.107"},"notice":"GroundRules: Original legal text. Not legal advice."}