Tex. Tax Code § 321.506
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Except as provided by Section 321.507, the money received by a municipality under this chapter is for the use and benefit of the municipality and may be used for any purpose for which the general funds of the municipality may be used, except that a municipality may not pledge the revenue received under this chapter to the payment of bonds or other indebtedness.
Tex. Tax Code § 321.506