Sec. 1477.003. BOND PAYMENTS FROM REVENUE OR TAXES

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The commissioners court may provide for payment of the principal of and interest on bonds issued under this subchapter by:
(1) pledging all or part of the revenue from a lease of all or part of the real property, building, or other facility financed by the bonds, after deduction of reasonable operation and maintenance costs;
(2) imposing an annual ad valorem tax; or
(3) combining those sources.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

                    
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