Texas § SD.5201.053 - SECURITY FOR BONDS
Full text of Texas The Texas Constitution § SD.5201.053 — SECURITY FOR BONDS, with citation guidance and answers to common questions.
§ SD.5201.053. SECURITY FOR BONDS
SECURITY FOR BONDS. Bonds issued under this chapter may be secured by: (1) solely a pledge of revenues, in the manner and to the extent prescribed for a county by Chapter 284 , Transportation Code; (2) a pledge of, and making the bonds payable from, an ad valorem tax authorized by Section 52 (b), Article III, Texas Constitution; (3) designating a portion of the bonds to be secured solely by a pledge of revenues as provided by Subdivision (1) and a portion of the bonds to be secured by a pledge of an ad valorem tax as provided by Subdivision (2); or (4) a combination of the methods prescribed by Subdivisions (1) and (2) through which all of the bonds are to be supported and secured by a pledge of revenue and ad valorem tax, in the manner and to the extent prescribed for a county by Chapter 284 , Transportation Code. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.04, eff. April 1, 2007.
Frequently Asked Questions About Texas § SD.5201.053
What does The Texas Constitution § SD.5201.053 cover?
Section SD.5201.053 ("SECURITY FOR 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 § SD.5201.053?
A common citation format is "The Texas Constitution § SD.5201.053" (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 § SD.5201.053 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.