Texas § GV.1509.004 - BOND PAYMENTS FROM REVENUE OR TAXES
Full text of Texas The Texas Constitution § GV.1509.004 — BOND PAYMENTS FROM REVENUE OR TAXES, with citation guidance and answers to common questions.
§ GV.1509.004. BOND PAYMENTS FROM REVENUE OR TAXES
BOND PAYMENTS FROM REVENUE OR TAXES. (a) A municipality may provide for payment of the principal of and interest on bonds issued under this subchapter by: (1) pledging all or part of the revenue from the sale or lease of all or part of the land, building, or other facility financed by the bonds, after deduction of reasonable operation and maintenance costs; (2) imposing an annual ad valorem tax; or (3) combining those sources. (b) A municipality with a population of 80,000 or more may also provide for the payment of the principal of or interest on the bonds by pledging all or any part of other municipal revenue that is not prohibited from being used for that payment. (c) A municipality with a population of at least 50,000 that has taken action under Section 1509.001 (a)(3) may also provide for the payment of the principal of or interest on the bonds issued to finance the action taken by pledging all or any part of other municipal revenue that the municipality is not prohibited from using for that payment. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2005, 79th Leg., Ch. 1302 (H.B. 2931 ), Sec. 2, eff. June 18, 2005.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1509.004
What does The Texas Constitution § GV.1509.004 cover?
Section GV.1509.004 ("BOND PAYMENTS FROM REVENUE OR TAXES") 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.1509.004?
A common citation format is "The Texas Constitution § GV.1509.004" (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.1509.004 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.