Texas Administrative Code
Title 1 - ADMINISTRATION
Part 3 - OFFICE OF THE ATTORNEY GENERAL
Chapter 53 - MUNICIPAL SECURITIES
Subchapter A - APPROVAL OF MUNICIPAL SECURITIES BY ATTORNEY GENERAL
Section 53.8 - Appropriated Funds and Capitalized Interest
Universal Citation: 1 TX Admin Code ยง 53.8
Current through Reg. 49, No. 38; September 20, 2024
When an issuer must pay debt service on a proposed ad valorem tax public security or combination ad valorem tax and revenue public security before the initial tax levy can be collected, the issuer must provide certification that the issuer has appropriated lawfully available funds for such payment.
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