Texas § GV.436.155 - INCURRENCE OF DEBT BY PUBLIC ENTITY
Full text of Texas The Texas Constitution § GV.436.155 — INCURRENCE OF DEBT BY PUBLIC ENTITY, with citation guidance and answers to common questions.
§ GV.436.155. INCURRENCE OF DEBT BY PUBLIC ENTITY
INCURRENCE OF DEBT BY PUBLIC ENTITY. (a) A defense community in this state may borrow money from the state, including by direct loan, based on the credit of the defense community to finance a project included in the community's military base or defense facility value enhancement statement. (b) A defense community may enter into a loan agreement with the state to provide financing for a project. The defense community may pledge the taxes of the community or provide any other guarantee for the loan. (c) Money borrowed must be segregated from other funds under the control of the defense community and may only be used for purposes related to a specific project. (d) The authority granted by this section does not affect the ability of a defense community to incur debt using other statutorily authorized methods. Added by Acts 2003, 78th Leg., ch. 149, Sec. 3, eff. May 27, 2003. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 777 (S.B. 1200 ), Sec. 10, eff. September 1, 2013.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.436.155
What does The Texas Constitution § GV.436.155 cover?
Section GV.436.155 ("INCURRENCE OF DEBT BY PUBLIC ENTITY") 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.436.155?
A common citation format is "The Texas Constitution § GV.436.155" (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.436.155 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.