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Texas Government Code - GOV'T § 1475.003. Authority to Issue Bonds and Impose Taxes

Current as of January 01, 2024 | Updated by Findlaw Staff

To pay for an action authorized by Section 1475.002, a county may, on the approval of at least two-thirds of the qualified voters of the county who vote on the measure:

(1) issue bonds or warrants or otherwise lend its credit in addition to its other debt and in an amount not to exceed one-fourth of the taxable value of the real property in the county;  and

(2) impose taxes to pay the interest on and to provide a sinking fund for the redemption of the debt.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1475.003. Authority to Issue Bonds and Impose Taxes - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1475-003/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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