Sec. 367.016. Bonds and Notes Not Payable from Taxes.
Sec. 367.016. BONDS AND NOTES NOT PAYABLE FROM TAXES. A bond or note issued under this subchapter:
(1) is payable only from the revenue or another resource of the municipality; and
(2) is not a tax obligation of the municipality.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.
Gavvy last updated this database on: Sep 6, 2024
