Sec. 8506.156. TAX OR ASSESSMENT OR PLEDGE OF CREDIT OF STATE NOT AUTHORIZED BY CHAPTER. This chapter does not authorize the authority to:
(1) levy or collect a tax or assessment;
(2) create any debt payable out of taxes or assessments; or
(3) in any way pledge the credit of this state.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle G - River Authorities
Chapter 8506 - Upper Colorado River Authority
Subchapter D. General Financial Provisions
Section 8506.151. Disbursement of Money
Section 8506.152. Accounts, Contracts, and Other Records; Public Inspection
Section 8506.153. Filing of Copies of Audit Report
Section 8506.154. Rates and Other Charges
Section 8506.155. Use of Excess Revenue
Section 8506.156. Tax or Assessment or Pledge of Credit of State Not Authorized by Chapter