Tex. Local Government Code § 111.0708
This is the official text of Tex. Local Government Code § 111.0708, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 111.0708. PLEDGING REVENUE AS SECURITY FOR BONDS AND OTHER OBLIGATIONS.
Official statutory text
In preparing a county budget, a county may secure county bonds or other obligations by pledging for the term of the bonds or other obligations:
(1) any security authorized by law; or
(2) any revenue or receipts obtained by the county from the levy of a state tax if the state is required to pay the county the proceeds or receipts from the tax.
(1) any security authorized by law; or
(2) any revenue or receipts obtained by the county from the levy of a state tax if the state is required to pay the county the proceeds or receipts from the tax.
Status: in_force · Read it on the official government site
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