Texas § 377.107 COLLECTION OF TAX TO PAY BONDS OR OTHER OBLIGATIONS.

Texas Statutes

§ 377.107 — COLLECTION OF TAX TO PAY BONDS OR OTHER OBLIGATIONS.

Texas § 377.107

Code LGLocal Government Code

This text of Texas § 377.107 (COLLECTION OF TAX TO PAY BONDS OR OTHER OBLIGATIONS.) 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. § 377.107 (2026).

Text

Sec. 377.107. COLLECTION OF TAX TO PAY BONDS OR OTHER OBLIGATIONS.

(a)If the district votes to repeal the sales and use tax under Section 377.104 , and the district had issued bonds or incurred other obligations secured by the tax before the date of the election, the district shall continue to collect the tax until the bonds or other obligations are paid.

(b)The district shall immediately notify the comptroller when the bonds or other obligations have been paid.

(c)The repeal of the tax takes effect on the first day of the first calendar quarter occurring after the expiration of the first complete quarter occurring after the date on which the comptroller receives the notice under Subsection (b).

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Sec. 377.107. COLLECTION OF TAX TO PAY BONDS OR OTHER OBLIGATIONS. (a) If the district votes to repeal the sales and use tax under Section 377.104 , and the district had issued bonds or incurred other obligations secured by the tax before the date of the election, the district shall continue to collect the tax until the bonds or other obligations are paid.
(b) The district shall immediately notify the comptroller when the bonds or other obligations have been paid.
(c) The repeal of the tax takes effect on the first day of the first calendar quarter occurring after the expiration of the first complete quarter occurring after the date on which the comptroller receives the notice under Subsection (b).