Texas § 3503.151 USE OF REVENUE FROM OTHER GOVERNMENTAL ENTITIES; LIMITATION.

Texas Statutes

§ 3503.151 — USE OF REVENUE FROM OTHER GOVERNMENTAL ENTITIES; LIMITATION.

Texas § 3503.151

Code SDSpecial District Local Laws Code

This text of Texas § 3503.151 (USE OF REVENUE FROM OTHER GOVERNMENTAL ENTITIES; LIMITATION.) 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. Special District Local Laws Code Code Ann. § 3503.151 (2026).

Text

Sec. 3503.151. USE OF REVENUE FROM OTHER GOVERNMENTAL ENTITIES; LIMITATION.

(a)Any governmental entity of this state may:

(1)use and pledge available revenue for the payment of an amount due under a contract entered into with the authority as an additional source of payment of the contracts or as the sole source of payment of the contracts; and

(2)covenant with respect to available revenue to assure the availability of the revenue when required.

(b)The governmental entity may not use, pledge, or covenant under this section revenue from ad valorem taxes, or the proceeds of bonds paid wholly or partly from ad valorem taxes, unless the use, pledge, or covenant has been approved by the voters of the governmental entity at an election called for the purpose of:

(1)imposing taxes or issuing

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

Sec. 3503.151. USE OF REVENUE FROM OTHER GOVERNMENTAL ENTITIES; LIMITATION. (a) Any governmental entity of this state may:
(1) use and pledge available revenue for the payment of an amount due under a contract entered into with the authority as an additional source of payment of the contracts or as the sole source of payment of the contracts; and
(2) covenant with respect to available revenue to assure the availability of the revenue when required.
(b) The governmental entity may not use, pledge, or covenant under this section revenue from ad valorem taxes, or the proceeds of bonds paid wholly or partly from ad valorem taxes, unless the use, pledge, or covenant has been approved by the voters of the governmental entity at an election called for the purpose of:
(1) imposing taxes or issuing or refunding bonds; or
(2) using or pledging the entity's revenue or proceeds under contracts with the authority under this chapter.