Texas § 1477.353 LIMIT ON AMOUNT OF NOTES.

Texas Statutes

§ 1477.353 — LIMIT ON AMOUNT OF NOTES.

Texas § 1477.353

Code GVGovernment Code

This text of Texas § 1477.353 (LIMIT ON AMOUNT OF NOTES.) 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. § 1477.353 (2026).

Text

Sec. 1477.353. LIMIT ON AMOUNT OF NOTES.

(a)The total amount of revenue anticipation notes issued by the county under this subchapter may not exceed 50 percent of the amount of taxes levied by the county for the year in which the notes are issued.

(b)For purposes of Subsection (a), the total amount of revenue anticipation notes includes the:

(1)principal of the notes;

(2)interest to be paid on the notes; and

(3)cost of issuance of the notes.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1477.353. LIMIT ON AMOUNT OF NOTES. (a) The total amount of revenue anticipation notes issued by the county under this subchapter may not exceed 50 percent of the amount of taxes levied by the county for the year in which the notes are issued.
(b) For purposes of Subsection (a), the total amount of revenue anticipation notes includes the:
(1) principal of the notes;
(2) interest to be paid on the notes; and
(3) cost of issuance of the notes.