Texas § 322.077 BONDS NOT STATE OR COUNTY DEBT.

Texas Statutes

§ 322.077 — BONDS NOT STATE OR COUNTY DEBT.

Texas § 322.077

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 322.077 (2026).

Text

Sec. 322.077. BONDS NOT STATE OR COUNTY DEBT.

(a)The bonds are not a debt of either of the counties, of this state, or of the individual members of the board, but are payable solely from the income and properties of the board.

(b)Each bond must contain on its face substantially the following provision: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation."

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Sec. 322.077. BONDS NOT STATE OR COUNTY DEBT. (a) The bonds are not a debt of either of the counties, of this state, or of the individual members of the board, but are payable solely from the income and properties of the board.
(b) Each bond must contain on its face substantially the following provision: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation."