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Tex. Local Government Code § 322.077

BONDS NOT STATE OR COUNTY DEBT

Texas · Texas Local Government Code · Status: effective

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Tex. Local Government Code § 322.077, BONDS NOT STATE OR COUNTY DEBT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/692124
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(a) The bonds are not a debt of either of the counties, of this state, or of the individual members of the board, but are payable solely from the income and properties of the board. (b) Each bond must contain on its face substantially the following provision: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation."