Tex. Government Code § 1435.051
AUTHORITY TO ISSUE REVENUE BONDS
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 1435.051, AUTHORITY TO ISSUE REVENUE BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660640
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Full text
(a) To obtain money for a purpose described by Section 1435.003, the governing body of a municipality or county may, without an election, issue revenue bonds payable from and secured by a pledge of the net revenue from one or more of its park facilities or from leases of or contracts for the operation of the park facilities.
(b) A bond issued under this chapter must state on its face substantially the following: "The holder of this bond is not entitled to demand payment of this bond out of money raised by taxation."