Texas § ED.56.126 - REVENUE BONDS
Full text of Texas The Texas Constitution § ED.56.126 — REVENUE BONDS, with citation guidance and answers to common questions.
§ ED.56.126. REVENUE BONDS
REVENUE BONDS. (a) The board may by resolution authorize the issuance of revenue bonds to operate the program of making loans from the fund under this subchapter. The board may issue the bonds in the form, with the characteristics, and bearing the designations provided in the resolution. (b) The board may pledge all or part of the revenue derived from the operation of the program of making loans from the fund to secure the bonds. (c) The board must issue the bonds in the manner provided by Chapter 1201 , Government Code. (d) The bonds are special obligations of the board payable only from designated income and receipts of the board, including principal and interest payments on loans from the fund, income from the accounts created in the fund, and receipts and other revenues pledged to the retirement of the bonds. (e) The bonds do not constitute indebtedness of the state. Added by Acts 1991, 72nd Leg., ch. 330, Sec. 1, eff. June 5, 1991. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.221, eff. Sept. 1, 2001.
Frequently Asked Questions About Texas § ED.56.126
What does The Texas Constitution § ED.56.126 cover?
Section ED.56.126 ("REVENUE BONDS") 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 § ED.56.126?
A common citation format is "The Texas Constitution § ED.56.126" (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 § ED.56.126 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.