Public-domain · open source
OpenJurist

Tex. Gov't Code § 1477.003

BOND PAYMENTS FROM REVENUE OR TAXES

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff

The commissioners court may provide for payment of the principal of and interest on bonds issued under this subchapter by:

(1) pledging all or part of the revenue from a lease of all or part of the real property, building, or other facility financed by the bonds, after deduction of reasonable operation and maintenance costs;

(2) imposing an annual ad valorem tax; or

(3) combining those sources.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.