Bond Payments From Revenue Or Taxes

Sec. 1509.154. BOND PAYMENTS FROM REVENUE OR TAXES. The governing body of the municipality 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 the ownership or operation of a garbage reclamation project; (2) imposing an ad valorem tax; or (3) combining those sources. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.