Texas § 271.903 COMMITMENT OF CURRENT REVENUE.

Texas Statutes

§ 271.903 — COMMITMENT OF CURRENT REVENUE.

Texas § 271.903

Code LGLocal Government Code

This text of Texas § 271.903 (COMMITMENT OF CURRENT REVENUE.) 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. Local Government Code Code Ann. § 271.903 (2026).

Text

Sec. 271.903. COMMITMENT OF CURRENT REVENUE.

(a)If a contract for the acquisition, including lease, of real or personal property retains to the governing body of a local government the continuing right to terminate at the expiration of each budget period of the local government during the term of the contract, is conditioned on a best efforts attempt by the governing body to obtain and appropriate funds for payment of the contract, or contains both the continuing right to terminate and the best efforts conditions, the contract is a commitment of the local government's current revenues only.

(b)In this section, "local government" means a municipality, county, school district, special purpose district or authority, or other political subdivision of this state.

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

Sec. 271.903. COMMITMENT OF CURRENT REVENUE. (a) If a contract for the acquisition, including lease, of real or personal property retains to the governing body of a local government the continuing right to terminate at the expiration of each budget period of the local government during the term of the contract, is conditioned on a best efforts attempt by the governing body to obtain and appropriate funds for payment of the contract, or contains both the continuing right to terminate and the best efforts conditions, the contract is a commitment of the local government's current revenues only.
(b) In this section, "local government" means a municipality, county, school district, special purpose district or authority, or other political subdivision of this state.