108.053 – PLEDGES TO SECURE BONDS. The municipality may
Texas Local Government Code § 108.053
Summary
This law allows municipalities to pledge available funds, such as taxes or other revenues, to secure bonds. It provides flexibility for local governments in financing projects by ensuring bondholders have a reliable source of repayment.
Municipalities can pledge funds to secure bond obligations.
Available funds include taxes and other revenue sources.
Enhances financing options for local government projects.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's PLEDGES TO SECURE BONDS. The municipality may law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.