Sec. 1433.008. USE OF STATE MONEY. (a) The legislature may not appropriate money to pay all or a part of the obligation of an issuer under this chapter.
(b) The department shall pay any expense it incurs under this chapter from money appropriated to the department.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities
Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources
Subchapter A. General Provisions
Section 1433.003. Applicability of Chapter to Municipalities
Section 1433.004. Cost of Project
Section 1433.005. Ultimate Lessee
Section 1433.006. Correction of Invalid Procedures