Texas § GV.1508.155 - ADDITIONAL SECURITY
Full text of Texas The Texas Constitution § GV.1508.155 — ADDITIONAL SECURITY, with citation guidance and answers to common questions.
§ GV.1508.155. ADDITIONAL SECURITY
ADDITIONAL SECURITY. (a) The bonds may be additionally secured by: (1) an encumbrance on any real property relating to a facility described by Section 1508.152 (a) owned or to be acquired by the municipality; or (2) an encumbrance on any personal property appurtenant to that real property. (b) The governing body of the municipality may authorize the execution of a trust indenture, mortgage, deed of trust, or other form of encumbrance as evidence of the debt. (c) The municipality may also pledge to the payment of the bonds all or part of any grant, donation, revenue, or income received or to be received from the United States or any other public or private source. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § GV.1508.155
What does The Texas Constitution § GV.1508.155 cover?
Section GV.1508.155 ("ADDITIONAL SECURITY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1508.155?
A common citation format is "The Texas Constitution § GV.1508.155" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1508.155 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.