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Texas Special District Local Laws Code - SDLL § 8501.253. No Creation of Debt; No Payment from Taxes

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

(a) An obligation issued under this chapter is not a debt or a pledge of credit of the authority.

(b) The obligation:

(1) may not be paid in whole or part from any money raised by taxation; and

(2) must contain a recital to that effect.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 8501.253. No Creation of Debt; No Payment from Taxes - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-8501-253/

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