Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 9. PUBLIC SECURITIES |
Subtitle F. SPECIFIC AUTHORITY FOR STATE OR LOCAL GOVERNMENT TO ISSUE SECURITIES |
Chapter 1371. OBLIGATIONS FOR CERTAIN PUBLIC IMPROVEMENTS |
Subchapter C. FINANCIAL ASPECTS OF OBLIGATION |
Sec. 1371.104. SOURCE OF REPAYMENT OF OBLIGATION
Latest version.
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An obligation must be repaid from:
(1) a source of security for the payment of the obligation;
(2) money received from a credit agreement; or
(3) any other revenue legally available for the payment of the obligation.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.