Texas Statutes
Subchapter B. Commission Approval of Toll Projects
Section 362.054. Bonds Not Considered Obligations of State

Sec. 362.054. BONDS NOT CONSIDERED OBLIGATIONS OF STATE. Bonds or other debt obligations of a political subdivision reviewed under this subchapter are obligations of the issuing entity and are not obligations of the state.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.