Tex. Government Code § 1232.117
STATE DEBT NOT CREATED
Texas · Texas Government Code · Status: effective
Cite this
- Citation
- Tex. Government Code § 1232.117, STATE DEBT NOT CREATED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660344
- Permanent ID
ys:prov:660344@1- SHA-256
b98ece77f7cc4cf41ead84e387a45ad1d3be3ca57a5baac7a5fe4da73c6574c1
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) An obligation issued under this chapter is not a debt of the state or any state agency, political corporation, or political subdivision of the state and is not a pledge of the faith and credit of any of them. A bond is payable solely from revenue as provided by this chapter.
(b) An obligation issued under this chapter must contain on its face a statement to the effect that:
(1) neither the state nor a state agency, political corporation, or political subdivision of the state is obligated to pay the principal of or interest on the obligation except as provided by this chapter; and
(2) neither the faith and credit nor the taxing power of the state or any state agency, political corporation, or political subdivision of the state is pledged to the payment of the principal of or interest on the obligation.