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Tex. Loc. Gov't Code § 111.0708

PLEDGING REVENUE AS SECURITY FOR BONDS AND OTHER OBLIGATIONS

Added by Acts 1997, 75th Leg., ch. 1197, Sec. 8, eff

In preparing a county budget, a county may secure county bonds or other obligations by pledging for the term of the bonds or other obligations:

(1) any security authorized by law; or

(2) any revenue or receipts obtained by the county from the levy of a state tax if the state is required to pay the county the proceeds or receipts from the tax.

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