Texas Statutes
§ 1301.004 — PAYMENT OF INTEREST AND CREATION OF SINKING FUND.
Texas § 1301.004
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1301.004 (PAYMENT OF INTEREST AND CREATION OF SINKING FUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 1301.004 (2026).
Text
Sec. 1301.004. PAYMENT OF INTEREST AND CREATION OF SINKING FUND.
(a)Taxes imposed to pay the interest on bonds issued under this chapter and to create a sinking fund for the redemption of those bonds may not exceed:
(1)25 cents per $100 valuation for courthouse or jail bonds; and
(2)15 cents per $100 valuation for bridge or road and bridge bonds.
(b)If the principal of and all interest on bonds issued under this chapter are fully paid and a surplus not exceeding $1,000 remains in the sinking fund, the surplus may be used by the county to maintain and repair the courthouse, jail, roads, or bridges of the county, as determined by the commissioners court.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Nearby Sections
4
§ 1301.001
ISSUANCE AND AUTHORIZATION.§ 1301.003
LIMITS ON ISSUANCE OF BONDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1301.004, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1301.004.