yourstate.us
Home / Texas / Special District Local Laws Code
Tex. Special District Local Laws Code § 8501.205

LIMITATION ON USE OF REVENUE

Texas · Texas Special District Local Laws Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Special District Local Laws Code § 8501.205, LIMITATION ON USE OF REVENUE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/618480
Permanent ID
ys:prov:618480@1
SHA-256
36f2763b02f53922287bd0bcb2045ac01f10f265aef77896aecba34c7cbf9eba

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) A charge on the revenue derived from the improvements and facilities of the authority may not be made if the principal or interest of any obligation issued under this chapter is unpaid. (b) If the revenue derived from the improvements and facilities of the authority exceed the amount required for the payment of items under Section 8501.204(c), the board may pay the cost of improvements and replacements not covered by Section 8501.204(c)(1) and may establish a reasonable depreciation and emergency fund.