Sec. 1504.109. USE OF REVENUE FOR OTHER PURPOSES PROHIBITED    


Latest version.
  • A municipality may not use the revenue from a building or structure described by Section 1504.102 to pay any other debt, expense, or obligation of the municipality until the debt secured by the revenue is fully paid.

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