Texas Government Code 1473.267 – Bonds Not Payable From Taxes
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Terms Used In Texas Government Code 1473.267
- 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.
Each bond issued under this subchapter must include the following provision: “The holder of this obligation is not entitled to demand payment of this obligation from money raised by taxation.”