Texas § WA.60.340 - BONDS PAYABLE FROM BOTH TAXES AND REVENUES
Full text of Texas The Texas Constitution § WA.60.340 — BONDS PAYABLE FROM BOTH TAXES AND REVENUES, with citation guidance and answers to common questions.
§ WA.60.340. BONDS PAYABLE FROM BOTH TAXES AND REVENUES
BONDS PAYABLE FROM BOTH TAXES AND REVENUES. (a) Where the bonds are payable both from taxes and from revenues of the district a tax shall be levied at the time of the authorization of the bonds sufficient to pay the principal and interest and create and maintain the reserve funds. (b) The rate of tax actually to be collected for any year shall be fixed so as to take into consideration the money which shall have been in the interest and sinking fund from the pledged revenues and which will be available for payment of principal and interest and for the creation of the reserve funds to the extent and in the manner permitted by the resolution authorizing or the trust indenture securing the bonds. Added by Acts 1973, 63rd Leg., p. 770, ch. 343, Sec. 1, eff. Aug. 27, 1973.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.60.340
What does The Texas Constitution § WA.60.340 cover?
Section WA.60.340 ("BONDS PAYABLE FROM BOTH TAXES AND REVENUES") 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 § WA.60.340?
A common citation format is "The Texas Constitution § WA.60.340" (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 § WA.60.340 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.