Texas Local Government Code 111.0708 – Pledging Revenue as Security for Bonds and Other Obligations
Current as of: 2024 | Check for updates
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In preparing a county budget, a county may secure county bonds or other obligations by pledging for the term of the bonds or other obligations:
(1) any security authorized by law; or
(2) any revenue or receipts obtained by the county from the levy of a state tax if the state is required to pay the county the proceeds or receipts from the tax.