{"data":{"id":"us-tx/tex.-local-government-code-505.104","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 505.104","heading":"BOND REPAYMENT.","body":"(a) Bonds or other obligations that mature in 30 years or less and that are issued to pay the costs of projects of a type added to the definition of \"project\" by Subchapter D may be made payable from any source of funds available to the Type B corporation, including the proceeds of a sales and use tax imposed under this chapter.\n(b) Bonds or other obligations that by their terms are payable from the tax proceeds:\n(1) may not be paid wholly or partly from any property taxes imposed or to be imposed by the authorizing municipality; and\n(2) are not a debt of and do not give rise to a claim for payment against the authorizing municipality, except as to sales and use tax revenue held by the municipality and required under this chapter to be delivered to the Type B corporation.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 505. TYPE B CORPORATIONS","SUBCHAPTER C. POWERS AND DUTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.505.htm#505.104","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"f51b4d775fb8e3f4b4634a8cf4acae2e375dade2bc3ca4e0ad355c90c77f1374","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-505.103","next":"us-tx/tex.-local-government-code-505.1041"},"notice":"GroundRules: Original legal text. Not legal advice."}