Texas § IN.2203.358 - SOURCE OF PAYMENT
Full text of Texas The Texas Constitution § IN.2203.358 — SOURCE OF PAYMENT, with citation guidance and answers to common questions.
§ IN.2203.358. SOURCE OF PAYMENT
SOURCE OF PAYMENT. (a) Bonds issued under this subchapter are payable only from: (1) the surcharge fee established under Section 2203.359 ; or (2) other sources the association is authorized to levy and charge and from which the association is authorized to collect in connection with paying any portion of the bonds. (b) The bonds are obligations solely of the association and do not create a pledge, gift, or loan of the faith, credit, or taxing authority of this state. (c) Each bond must: (1) include a statement that the state is not obligated to pay any amount on the bond and that the faith, credit, and taxing authority of this state are not pledged, given, or loaned to those payments; and (2) state on the bond's face that the bond: (A) is payable solely from the revenue pledged for that purpose; and (B) is not a legal or moral obligation of the state. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.2203.358
What does The Texas Constitution § IN.2203.358 cover?
Section IN.2203.358 ("SOURCE OF PAYMENT") 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 § IN.2203.358?
A common citation format is "The Texas Constitution § IN.2203.358" (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 § IN.2203.358 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.