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Tex. Spec. Dist. Local Laws Code § 8513.0501

OBLIGATION PAYABLE

Added by Acts 2025, 89th Leg., R.S., Ch. 240 (H.B. 2692), Sec. 1, eff

A debt, liability, or obligation of the authority for the payment of money, however entered into or incurred and whether arising from an express or implied contract or otherwise, is payable solely:

(1) out of the revenue received by the authority with respect to its properties; or

(2) from any other money or income from any source coming into the authority's possession, including proceeds of sale of bonds.

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