Texas Health and Safety Code 265.0174 – Bonds Not Payable From Taxes
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Terms Used In Texas Health and Safety Code 265.0174
- 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.
A bond issued under this subchapter must contain the following provision: “The holder of this obligation is not entitled to demand payment of this obligation out of any money raised by taxation by (name of county) or by (name of municipality) or from any other income of the county or municipality. The board of managers of the hospital has no taxing power.”