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Tex. Special District Local Laws Code § 8501.253

NO CREATION OF DEBT; NO PAYMENT FROM TAXES

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

Taxation
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Tex. Special District Local Laws Code § 8501.253, NO CREATION OF DEBT; NO PAYMENT FROM TAXES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/618484
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(a) An obligation issued under this chapter is not a debt or a pledge of credit of the authority. (b) The obligation: (1) may not be paid in whole or part from any money raised by taxation; and (2) must contain a recital to that effect.