Texas § 392.085 LIABILITY ON BONDS AND OTHER OBLIGATIONS.

Texas Statutes

§ 392.085 — LIABILITY ON BONDS AND OTHER OBLIGATIONS.

Texas § 392.085

Code LGLocal Government Code

This text of Texas § 392.085 (LIABILITY ON BONDS AND 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. § 392.085 (2026).

Text

Sec. 392.085. LIABILITY ON BONDS AND OTHER OBLIGATIONS.

(a)A commissioner of an authority or a person who executes the bonds for an authority is not liable personally on the bonds due to the issuance of the bonds.

(b)The bonds and other obligations of an authority are not a debt of a municipality, a county, another political subdivision of the state, or the state, and a municipality, a county, another political subdivision, or the state is not liable on the bonds.

(c)Bonds issued by an authority are payable from only the funds and property of the authority issuing the bonds.

(d)Bonds and other obligations of an authority must state on their face that they are not debts of a municipality, a county, another political subdivision, or the state; that a municipality, a county, another polit

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Sec. 392.085. LIABILITY ON BONDS AND OTHER OBLIGATIONS. (a) A commissioner of an authority or a person who executes the bonds for an authority is not liable personally on the bonds due to the issuance of the bonds.
(b) The bonds and other obligations of an authority are not a debt of a municipality, a county, another political subdivision of the state, or the state, and a municipality, a county, another political subdivision, or the state is not liable on the bonds.
(c) Bonds issued by an authority are payable from only the funds and property of the authority issuing the bonds.
(d) Bonds and other obligations of an authority must state on their face that they are not debts of a municipality, a county, another political subdivision, or the state; that a municipality, a county, another political subdivision, or the state is not liable on the bonds; and that the bonds are payable from only the funds and property of the authority issuing the bonds.