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Texas Government Code - GOV'T § 1477.003. Bond Payments From Revenue or Taxes

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

The commissioners court may provide for payment of the principal of and interest on bonds issued under this subchapter by:

(1) pledging all or part of the revenue from a lease of all or part of the real property, building, or other facility financed by the bonds, after deduction of reasonable operation and maintenance costs;

(2) imposing an annual ad valorem tax; or

(3) combining those sources.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1477.003. Bond Payments From Revenue or Taxes - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1477-003/

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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