Sec. 1434.053. LIMIT ON TAXES. The only limits on the amount of taxes that may be imposed to pay the principal of and interest on public securities, including certificates of obligation, issued under this chapter are those provided by the Texas Constitution.
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 1434 - County and Municipal Higher Education Improvement Bonds
Subchapter B. Issuance of Bonds
Section 1434.051. Financing of Permanent Improvements by County or Municipality
Section 1434.052. Joint Financing by County and Municipality