Tex. Local Government Code § 107.005
This is the official text of Tex. Local Government Code § 107.005, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 107.005. PAYMENT OF OBLIGATIONS.
Official statutory text
An obligation issued under Section 107.003 may be made payable by the municipality from:
(1) the fund from which compensation is paid to its officers and employees;
(2) its general fund; or
(3) taxes, revenues, both taxes and revenues, or any other source or combination of sources of money that the municipality may use under state law to secure or pay any kind of bond or obligation.
(1) the fund from which compensation is paid to its officers and employees;
(2) its general fund; or
(3) taxes, revenues, both taxes and revenues, or any other source or combination of sources of money that the municipality may use under state law to secure or pay any kind of bond or obligation.
Status: in_force · Read it on the official government site
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