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Texas Local Government Code - LOC GOV'T § 107.005. Payment of Obligations

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

An obligation issued under Section 107.003 may be made payable by the municipality from:

(1) the fund from which compensation is paid to its officers and employees;

(2) its general fund; or

(3) taxes, revenues, both taxes and revenues, or any other source or combination of sources of money that the municipality may use under state law to secure or pay any kind of bond or obligation.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 107.005. Payment of Obligations - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-107-005/

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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