Sec. 367.016. BONDS AND NOTES NOT PAYABLE FROM TAXES. A bond or note issued under this subchapter: (1) is payable only from the revenue or another resource of the municipality; and (2) is not a tax obligation of the municipality. Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.
Bonds and Notes Not Payable From Taxes
Tex. Transportation Code § 367.016, under Chapter 367.
Tex. Transportation Code § 367.016