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Tex. Government Code § 2259.063

PAYMENT SOURCE FOR GROUP: LOCAL GOVERNMENT

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 2259.063, PAYMENT SOURCE FOR GROUP: LOCAL GOVERNMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/663446
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(a) A local government may make a payment under a risk retention group agreement from proceeds of taxes imposed by and revenues of the local government, including: (1) ad valorem, sales and use, and hotel occupancy taxes; (2) revenue derived by the local government from any system or other specified source; or (3) any combination of taxes and revenue. (b) A local government that does not have authority to impose ad valorem taxes for payment of contractual debts may make a payment under a risk retention group agreement from an annual appropriation of proceeds of ad valorem taxes the local government is authorized to impose.