Texas § 8513.0501 OBLIGATION PAYABLE.

Texas Statutes

§ 8513.0501 — OBLIGATION PAYABLE.

Texas § 8513.0501

Code SDSpecial District Local Laws Code

This text of Texas § 8513.0501 (OBLIGATION PAYABLE.) 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. § 8513.0501 (2026).

Text

Sec. 8513.0501. OBLIGATION PAYABLE. A debt, liability, or obligation of the authority for the payment of money, however entered into or incurred and whether arising from an express or implied contract or otherwise, is payable solely:

(1)out of the revenue received by the authority with respect to its properties; or

(2)from any other money or income from any source coming into the authority's possession, including proceeds of sale of bonds.

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Sec. 8513.0501. OBLIGATION PAYABLE. A debt, liability, or obligation of the authority for the payment of money, however entered into or incurred and whether arising from an express or implied contract or otherwise, is payable solely:
(1) out of the revenue received by the authority with respect to its properties; or
(2) from any other money or income from any source coming into the authority's possession, including proceeds of sale of bonds.