Texas Statutes
§ 1508.005 — OBLIGATIONS NOT DEBT OF MUNICIPALITY.
Texas § 1508.005
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 1508.005 (OBLIGATIONS NOT DEBT OF MUNICIPALITY.) 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. § 1508.005 (2026).
Text
Sec. 1508.005. OBLIGATIONS NOT DEBT OF MUNICIPALITY. An obligation issued under this subchapter:
(1)is not a debt of the municipality;
(2)may be a charge only on the facility or land pledged for the payment of the obligation; 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
§ 1508.003
PLEDGE OF INCOME.§ 1508.004
AUTHORITY TO GRANT FRANCHISE.§ 1508.005
OBLIGATIONS NOT DEBT OF MUNICIPALITY.§ 1508.006
ELECTION.§ 1508.007
RECORDS.§ 1508.008
ANNUAL REPORT.§ 1508.009
OFFENSE.§ 1508.010
CIVIL ENFORCEMENT.§ 1508.051
AUTHORITY FOR SWIMMING POOLS.§ 1508.052
AUTHORITY TO ISSUE REVENUE BONDS.§ 1508.053
ISSUANCE OF BONDS.§ 1508.054
BONDS NOT DEBT OF MUNICIPALITY.§ 1508.055
EFFECT ON OTHER LAW.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1508.005, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1508.005.