Sec. 1509.154. BOND PAYMENTS FROM REVENUE OR TAXES. The governing body of the municipality may provide for payment of the principal of and interest on bonds issued under this subchapter by:
(1) pledging all or part of the revenue from the ownership or operation of a garbage reclamation project;
(2) imposing an ad valorem tax; or
(3) combining those sources.
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 1509 - Obligations for Other Municipal Purposes
Subchapter D. Bonds for Garbage Reclamation Projects
Section 1509.152. Authority for Garbage Reclamation Projects
Section 1509.153. Authority to Issue Bonds
Section 1509.154. Bond Payments From Revenue or Taxes
Section 1509.155. Additional Security
Section 1509.157. Ballot Proposition
Section 1509.158. Contents of Order or Resolution Authorizing Bonds
Section 1509.159. Adoption and Execution of Documents
Section 1509.161. Imposition of Tax