Texas Statutes
§ 1503.155 — OBLIGATION NOT DEBT.
Texas § 1503.155
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1503.155 (OBLIGATION NOT DEBT.) 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. § 1503.155 (2026).
Text
Sec. 1503.155. OBLIGATION NOT DEBT. An obligation described by Section 1503.152 or 1503.153 :
(1)may be a charge only on the property encumbered;
(2)is not a debt of the municipality; and
(3)may not be included in determining the power of the municipality to issue bonds for any purpose authorized by law.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Nearby Sections
15
§ 1503.001
AUTHORITY TO ISSUE REVENUE BONDS.§ 1503.002
BONDS PAYABLE FROM REVENUE.§ 1503.004
CONTENTS OF ORDINANCE AUTHORIZING BONDS.§ 1503.005
ADOPTION AND EXECUTION OF DOCUMENTS.§ 1503.006
MATURITY.§ 1503.007
SIGNATURES.§ 1503.008
SALE OF BONDS.§ 1503.009
INVESTMENT OF BOND PROCEEDS AND FUNDS.§ 1503.010
REFUNDING BONDS.§ 1503.011
APPLICABILITY OF OTHER LAW.§ 1503.051
APPLICABILITY OF SUBCHAPTER.§ 1503.052
DEFINITION.§ 1503.053
AUTHORITY TO ISSUE BONDS AND WARRANTS.§ 1503.054
PLEDGE OF REVENUE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1503.155, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1503.155.