Sec. 1507.206. PLEDGE. A municipality may pledge the full faith and credit of the municipality to the payment of a note issued under this subchapter and the interest on the note.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1507 - Obligations Relating to Municipal Debt and Expenses
Section 1507.201. Applicability of Subchapter
Section 1507.202. Authority to Issue Notes
Section 1507.204. Authority to Pass Ordinances and Resolutions
Section 1507.207. Payment of Warrants While Notes Are Outstanding