Sec. 1473.137. BONDS NOT PAYABLE FROM TAXES. (a) Except as provided by Subsection (b), each bond issued under this subchapter must include the following provision: "The holder of this obligation is not entitled to demand payment of this obligation from money raised by taxation."
(b) A bond may not contain the provision specified by Subsection (a) if the commissioners court has provided for the payment of the bond from tax revenue under Section 1473.136(b).
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 E. Bonds for Parking Facilities
Section 1473.132. Authority for Parking Facilities
Section 1473.133. Other Facilities Within Parking Facility
Section 1473.134. Lease of Parking Facility
Section 1473.135. Authority to Issue Bonds
Section 1473.136. Pledge of Revenue; Tax
Section 1473.137. Bonds Not Payable From Taxes
Section 1473.139. Signatures; Registration by County Treasurer
Section 1473.140. Additional Bonds
Section 1473.141. Sale of Bonds
Section 1473.142. Use of Bond Proceeds
Section 1473.143. Rents and Rates for Services
Section 1473.144. Refunding Bonds
Section 1473.145. Provisions for Operation of Parking Facility