Texas Statutes
§ 306.055 — TAX BONDS.
Texas § 306.055
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 306.055 (TAX BONDS.) 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. § 306.055 (2026).
Text
Sec. 306.055. TAX BONDS.
(a)The board may not issue any bonds payable in whole or in part from ad valorem taxes.
(b)The board may receive and expend the proceeds of bonds that are payable from taxes and have been issued by the governing body of the municipality for park purposes after the bonds have been authorized at an election held in the manner required by law.
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Nearby Sections
15
§ 306.001
ELIGIBLE MUNICIPALITIES.§ 306.002
DEFINITION.§ 306.011
CREATION OF BOARD.§ 306.012
COMPOSITION; TERM.§ 306.013
VACANCY.§ 306.014
COMPENSATION; EXPENSES.§ 306.015
BOND; OATH.§ 306.016
ORGANIZATION; MEETINGS.§ 306.017
RECORDS; AUDIT.§ 306.018
SEAL.§ 306.031
MANAGEMENT OF PARKS AND FACILITIES.§ 306.034
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Bluebook (online)
Texas § 306.055, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/306.055.