Texas § 1477.003 BOND PAYMENTS FROM REVENUE OR TAXES.

Texas Statutes

§ 1477.003 — BOND PAYMENTS FROM REVENUE OR TAXES.

Texas § 1477.003

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 1477.003 (2026).

Text

Sec. 1477.003. BOND PAYMENTS FROM REVENUE OR TAXES. The commissioners court 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 a lease of all or part of the real property, building, or other facility financed by the bonds, after deduction of reasonable operation and maintenance costs;

(2)imposing an annual ad valorem tax; or

(3)combining those sources.

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Sec. 1477.003. BOND PAYMENTS FROM REVENUE OR TAXES. The commissioners court 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 a lease of all or part of the real property, building, or other facility financed by the bonds, after deduction of reasonable operation and maintenance costs;
(2) imposing an annual ad valorem tax; or
(3) combining those sources.