Texas § GV.1508.203 - SECURITY FOR CERTIFICATES

Full text of Texas The Texas Constitution § GV.1508.203 — SECURITY FOR CERTIFICATES, with citation guidance and answers to common questions.

§ GV.1508.203. SECURITY FOR CERTIFICATES

SECURITY FOR CERTIFICATES. (a) Certificates of indebtedness issued under this subchapter may be secured by and made payable from: (1) taxes; (2) revenue; or (3) both taxes and revenue. (b) To secure the repayment of certificates of indebtedness issued under this subchapter or bonds issued to refund certificates of indebtedness issued under this subchapter, the governing body of a municipality may: (1) pledge any portion of the revenue from the ownership or operation of any facility, asset, or right under this subchapter; or (2) execute a deed of trust or mortgage lien on any portion of a facility described by Section 1508.202 . Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

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Frequently Asked Questions About Texas § GV.1508.203

What does The Texas Constitution § GV.1508.203 cover?

Section GV.1508.203 ("SECURITY FOR CERTIFICATES") 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.1508.203?

A common citation format is "The Texas Constitution § GV.1508.203" (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.1508.203 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.