Texas § TN.172.256 - NONNEGOTIABLE PURCHASE MONEY NOTES

Full text of Texas The Texas Constitution § TN.172.256 — NONNEGOTIABLE PURCHASE MONEY NOTES, with citation guidance and answers to common questions.

§ TN.172.256. NONNEGOTIABLE PURCHASE MONEY NOTES

NONNEGOTIABLE PURCHASE MONEY NOTES; BOND ANTICIPATION NOTES. (a) A district may: (1) issue nonnegotiable purchase money notes, payable in installments and secured by the property being acquired or constructed, to acquire or construct rail facilities; or (2) secure the obligation of the notes by a pledge or by issuing bonds, including bond anticipation notes. (b) A district may covenant with the purchaser of bond anticipation notes that the proceeds of one or more particular series of bonds will be used for the ultimate payment of the purchase money notes or bond anticipation notes. Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540 ), Sec. 2.04, eff. April 1, 2011.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § TN.172.256

What does The Texas Constitution § TN.172.256 cover?

Section TN.172.256 ("NONNEGOTIABLE PURCHASE MONEY NOTES") 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 § TN.172.256?

A common citation format is "The Texas Constitution § TN.172.256" (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 § TN.172.256 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.