Tex. Government Code § 1472.002
AUTHORITY TO ISSUE REFUNDING BONDS
Texas · Texas Government Code · Status: effective
Cite this
- Citation
- Tex. Government Code § 1472.002, AUTHORITY TO ISSUE REFUNDING BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660692
- Permanent ID
ys:prov:660692@1- SHA-256
0ccfd45f0f3c8feb6bcbf44f7a85d43185bcdf6b1cf2fd82ccbeaea5d60476a9
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) The commissioners court of the county may issue bonds to refund the outstanding bonds described by Section 1472.001 and may impose ad valorem taxes to pay the interest on and to provide a sinking fund for the redemption of the refunding bonds only if the issuance of the bonds is approved by a majority of the qualified voters voting at an election held in the county in the manner provided by Chapter 1251.
(b) The aggregate principal amount of outstanding refunding bonds issued under this section may not exceed an amount that, for the payment of the principal of and interest on the bonds, would require the county to impose ad valorem taxes at a rate greater than the 80-cent limitation established by Section 9, Article VIII, Texas Constitution.