Tex. Health and Safety Code § 362.043
BONDS NOT GENERAL OBLIGATION
Texas · Texas Health and Safety Code · Status: effective
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- Citation
- Tex. Health and Safety Code § 362.043, BONDS NOT GENERAL OBLIGATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/672089
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Full text
The bonds are special obligations payable solely from revenues pledged to their payment and are not general obligations of the governing body, the issuer, or the state. A bondholder may not demand payment from money obtained from a tax or other revenue of the issuer, excluding revenues pledged to the payment of the bonds.