Texas § TN.460.508 - NOTES
Full text of Texas The Texas Constitution § TN.460.508 — NOTES, with citation guidance and answers to common questions.
§ TN.460.508. NOTES
NOTES. (a) An authority may issue negotiable notes payable from any of the authority's sources of revenue to pay for any lawful expenditure, other than principal and interest on the authority's debt. (b) Notes issued by an authority shall be payable over a period not to exceed five years from the date of issuance. (c) The Texas Commission on Environmental Quality is not required to approve notes issued under this section. (d) An authority may not have outstanding notes in excess of $10 million at any one time. Added by Acts 2001, 77th Leg., ch. 1186, Sec. 1, eff. Sept. 1, 2001. Amended by Acts 2003, 78th Leg., ch. 306, Sec. 12, eff. Sept. 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 326 (H.B. 2682 ), Sec. 18, eff. September 1, 2007.
Frequently Asked Questions About Texas § TN.460.508
What does The Texas Constitution § TN.460.508 cover?
Section TN.460.508 ("NOTES") 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 § TN.460.508?
A common citation format is "The Texas Constitution § TN.460.508" (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 § TN.460.508 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.