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TITLE 1 | ADMINISTRATION |
PART 3 | OFFICE OF THE ATTORNEY GENERAL |
CHAPTER 53 | MUNICIPAL SECURITIES |
SUBCHAPTER E | APPROVAL OF ISSUES OF CERTIFICATES OF OBLIGATION |
RULE §53.79 | Certificates Payable from Revenues Other Than Taxes |
Certificates payable solely from revenues other than taxes shall not be considered debt with the meaning of Article XI, §5 and §7, of the Constitution of Texas. |
Source Note: The provisions of this §53.79 adopted to be effective January 1, 1976. |