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§ 8501.253 — Texas Law | CourtGPT
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  5. Title 6 - Water and Wastewater/
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  8. Subchapter F - Obligations Relating to Borrowed Money/
  9. § 8501.253
Texas Legal Code

§ 8501.253

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(a) An obligation issued under this chapter is not a debt or a pledge of credit of the authority.(b) The obligation:(1) may not be paid in whole or part from any money raised by taxation; and(2) must contain a recital to that effect. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.