Encumbrance of Island Property Improvements Or Facilities Financed By Obligations Payable From Ad Valorem Taxes

Sec. 254.063. ENCUMBRANCE OF ISLAND PROPERTY IMPROVEMENTS OR FACILITIES FINANCED BY OBLIGATIONS PAYABLE FROM AD VALOREM TAXES. A municipality may not encumber an island property improvement or facility financed by obligations payable from ad valorem taxes unless authorized at the election required by Section 254.052. Added by Acts 1999, 76th Leg., ch. 227, Sec. 9, eff. Sept. 1, 1999. SUBCHAPTER D. REFUNDING OBLIGATIONS