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Texas Government Code - GOV'T § 1504.259. Bonds Not Payable From Taxes; Exception

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

(a) The owner or holder of a bond issued under this subchapter is not entitled to demand payment of the principal of or interest on the bond from money raised by taxation.

(b) Subsection (a) does not apply to a demand for payment from mixed beverage tax receipts that are pledged under Section 1504.256.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1504.259. Bonds Not Payable From Taxes; Exception - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1504-259/

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