Texas Government Code 1434.053 – Limit On Taxes
Current as of: 2024 | Check for updates
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Terms Used In Texas Government Code 1434.053
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The only limits on the amount of taxes that may be imposed to pay the principal of and interest on public securities, including certificates of obligation, issued under this chapter are those provided by the Texas Constitution.