Sec. 1473.002. PLEDGE OF REVENUE. The commissioners court shall provide for the payment of the principal of and interest on bonds issued under this subchapter by pledging all or part of the revenue derived from:
(1) the operation of the library building; or
(2) the lease of space in the library building.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1473 - Obligations for County Buildings
Subchapter A. Bonds for Public Libraries
Section 1473.001. Authority to Issue Public Library Bonds
Section 1473.002. Pledge of Revenue
Section 1473.003. Bonds Not Payable From Taxes
Section 1473.004. Contents of Order Authorizing Bonds
Section 1473.005. Adoption and Execution of Documents
Section 1473.007. Operating and Leasing Charges