Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 1. ADMINISTRATION |
PART 3. OFFICE OF THE ATTORNEY GENERAL |
CHAPTER 53. MUNICIPAL SECURITIES |
SUBCHAPTER E. APPROVAL OF ISSUES OF CERTIFICATES OF OBLIGATION |
SECTION 53.79. Certificates Payable from Revenues Other Than Taxes
Latest version.
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Certificates payable solely from revenues other than taxes shall not be considered debt with the meaning of Article XI, §5 and §7, of the Constitution of Texas.
Source Note: The provisions of this §53.79 adopted to be effective January 1, 1976.