Tex. Loc. Gov't Code § 107.005

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 107.005 - Payment of Obligations

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.

Tex. Loc. Gov't. Code § 107.005

Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, 9/1/2003.