Texas § 284.036 BONDS SECURED SOLELY BY REVENUE.

Texas Statutes

§ 284.036 — BONDS SECURED SOLELY BY REVENUE.

Texas § 284.036

Code TNTransportation Code

This text of Texas § 284.036 (BONDS SECURED SOLELY BY REVENUE.) 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. Transportation Code Code Ann. § 284.036 (2026).

Text

Sec. 284.036. BONDS SECURED SOLELY BY REVENUE. Bonds secured solely by a pledge of project revenue:

(1)are not a debt of the county issuing the bonds but are solely a charge on project revenue;

(2)may not be considered in determining the power of the county to issue for any purpose bonds payable in whole or in part from taxes; and

(3)must state: "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. 284.036. BONDS SECURED SOLELY BY REVENUE. Bonds secured solely by a pledge of project revenue:
(1) are not a debt of the county issuing the bonds but are solely a charge on project revenue;
(2) may not be considered in determining the power of the county to issue for any purpose bonds payable in whole or in part from taxes; and
(3) must state: "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."