Tax Or Assessment Or Pledge of Credit of State Not Authorized By Chapter

Sec. 8506.156. TAX OR ASSESSMENT OR PLEDGE OF CREDIT OF STATE NOT AUTHORIZED BY CHAPTER. This chapter does not authorize the authority to: (1) levy or collect a tax or assessment; (2) create any debt payable out of taxes or assessments; or (3) in any way pledge the credit of this state. Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017. SUBCHAPTER E. OBLIGATIONS RELATING TO BORROWED MONEY OR GRANTS