Texas Transportation Code 367.067 – Limitations On Municipal Authority
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Terms Used In Texas Transportation Code 367.067
- 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.
This subchapter does not authorize a municipality to:
(1) impose or collect a tax or assessment or pledge the credit of this state; or
(2) issue, sell, or deliver a bond, create an obligation, incur a liability, or enter an agreement to be paid, performed, met, or discharged using any tax or assessment.