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Tex. Gov't Code § 1504.005

BONDS NOT PAYABLE FROM TAXES; EXCEPTION

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

(a) The owner or holder of a bond issued under this subchapter is not entitled to demand payment of the principal of or interest on the bond from money raised by taxation.

(b) Subsection (a) does not apply to a demand for payment from hotel occupancy taxes that are pledged under Chapter 351, Tax Code, to the payment of the bond.

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