<<Prev Rule

Texas Administrative Code

Next Rule>>
TITLE 1ADMINISTRATION
PART 3OFFICE OF THE ATTORNEY GENERAL
CHAPTER 53MUNICIPAL SECURITIES
SUBCHAPTER EAPPROVAL OF ISSUES OF CERTIFICATES OF OBLIGATION
RULE §53.80Limitation of Payment for Certificates Payable from Revenues Other Than Taxes

Certificates, and any interest coupons attached thereto, payable solely from revenues other than taxes shall have printed on their faces a statement to the effect that the holder of said obligation shall never have the right to demand payment of said obligation out of any funds raised or to be raised by taxation.


Source Note: The provisions of this §53.80 adopted to be effective January 1, 1976.

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page