Tex. Government Code § 1431.008
AD VALOREM TAXES AS SOURCE OF PAYMENT
Texas · Texas Government Code · Status: effective
Cite this
- Citation
- Tex. Government Code § 1431.008, AD VALOREM TAXES AS SOURCE OF PAYMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660554
- Permanent ID
ys:prov:660554@1- SHA-256
3a420bb1daaa0d7be1fa064a91b22d8f4b761dc0bb553006692d6b9f41dd3a44
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 governing body may not issue anticipation notes that are payable from bonds secured by an ad valorem tax unless the proposition authorizing the issuance of the bonds:
(1) is approved by a majority of the votes cast in an election held by the issuer; and
(2) states that anticipation notes may be issued.
(b) A governing body that pledges to the payment of anticipation notes an ad valorem tax to be imposed in a subsequent fiscal year shall impose the tax in the ordinance or order that authorizes the issuance of the notes.