Tex. Loc. Gov't Code § 111.0708

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 111.0708 - Pledging Revenue As Security for Bonds and Other Obligations

In preparing a county budget, a county may secure county bonds or other obligations by pledging for the term of the bonds or other obligations:

(1) any security authorized by law; or

(2) any revenue or receipts obtained by the county from the levy of a state tax if the state is required to pay the county the proceeds or receipts from the tax.

Tex. Loc. Gov't. Code § 111.0708

Added by Acts 1997, 75th Leg., ch. 1197, Sec. 8, eff. 6/20/1997.