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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Public securities issued by a local government under this subchapter may be payable from taxes imposed by and revenues of the local government, including:
(1) ad valorem, sales and use, and hotel occupancy taxes;
(2) revenue derived by the local government from any system or other specified source; or
(3) any combination of taxes and revenue.
(b) The issuance of public securities by a local government under this subchapter that are payable from ad valorem taxes is subject to the laws applicable to the issuance of public securities by the local government for other purposes, including Chapter 1251, with respect to the necessity for and conduct of an election.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2259.034. Payment Source for Public Securities: Local Government - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2259-034/
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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