Texas · Texas Transportation Code
Tex. Transp. Code § 173.306: TAX INCREMENT BONDS AND NOTES ISSUED BY LOCAL GOVERNMENT MEMBER IN CERTAIN DISTRICTS
What this law says, in plain English
Local governments in certain districts created before 2005 may issue tax increment bonds or notes secured by tax increment fund revenue to pay for transportation infrastructure zone projects. These bonds are repaid only from the tax increment fund, not from the local government's general credit or taxing powers.
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