Tex. Loc. Gov't Code § 504.303
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The proceeds of the sales and use tax imposed under this chapter may be used to pay the principal of, interest on, and other costs relating to the Type A corporation's bonds, but the bonds or any instrument related to the bonds may not give a bondholder a right to demand payment from tax proceeds in excess of the proceeds collected from the tax imposed under this chapter.
Tex. Loc. Gov't. Code § 504.303