Texas § GV.1434.051 - FINANCING OF PERMANENT IMPROVEMENTS BY COUNTY OR MUNICIPALITY
Full text of Texas The Texas Constitution § GV.1434.051 — FINANCING OF PERMANENT IMPROVEMENTS BY COUNTY OR MUNICIPALITY, with citation guidance and answers to common questions.
§ GV.1434.051. FINANCING OF PERMANENT IMPROVEMENTS BY COUNTY OR MUNICIPALITY
FINANCING OF PERMANENT IMPROVEMENTS BY COUNTY OR MUNICIPALITY. (a) A county or a municipality may: (1) issue public securities, including certificates of obligation, to acquire, construct, or improve land, buildings, or other permanent improvements for use by an institution of higher education located within a county to which this chapter applies; and (2) impose ad valorem taxes to pay the principal of and interest on those securities and to provide a sinking fund. (a-1) A municipality that has entered into an agreement described by Section 1434.001 (1) may: (1) issue public securities, including certificates of obligation, to acquire, construct, or improve land, buildings, or other permanent improvements for use by an institution of higher education; (2) impose ad valorem taxes to pay and secure payment of the principal of and interest on those securities and to provide a sinking fund; and (3) pledge those taxes, any portion of the revenues received in connection with the agreement, or any combination of the taxes and revenue to secure payment of any portion of the public securities issued to acquire, construct, or improve the land, buildings, or other permanent improvements for use by the institution of higher education. (b) The county or municipality shall: (1) issue any public securities and impose the taxes in accordance with the applicable provisions of Subtitles A, C, D, and E; and (2) if the securities are certificates of obligation, issue any certificates and impose the taxes in accordance with Subchapter C , Chapter 271 , Local Government Code. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 237 (S.B. 1952 ), Sec. 4, eff. May 27, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1434.051
What does The Texas Constitution § GV.1434.051 cover?
Section GV.1434.051 ("FINANCING OF PERMANENT IMPROVEMENTS BY COUNTY OR MUNICIPALITY") 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.1434.051?
A common citation format is "The Texas Constitution § GV.1434.051" (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.1434.051 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.