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Tex. Gov't Code § 1504.109

USE OF REVENUE FOR OTHER PURPOSES PROHIBITED

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

A municipality may not use the revenue from a building or structure described by Section 1504.102 to pay any other debt, expense, or obligation of the municipality until the debt secured by the revenue is fully paid.

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