A tax collected under this subchapter may be used only for a district purpose and may be pledged as collateral for borrowing money to further those purposes.
Tex. Loc. Gov't Code § 336.255
USE OF TAX
Added by Acts 2005, 79th Leg., Ch. 883 (S.B. 1205), Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.