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Texas Health and Safety Code - HEALTH & SAFETY § 362.043. Bonds Not General Obligation

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

The bonds are special obligations payable solely from revenues pledged to their payment and are not general obligations of the governing body, the issuer, or the state. A bondholder may not demand payment from money obtained from a tax or other revenue of the issuer, excluding revenues pledged to the payment of the bonds.

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Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 362.043. Bonds Not General Obligation - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-362-043/

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