Sec. 1509.154. BOND PAYMENTS FROM REVENUE OR TAXES. The governing body of the municipality may provide for payment of the principal of and interest on bonds issued under this subchapter by:
(1) pledging all or part of the revenue from the ownership or operation of a garbage reclamation project;
(2) imposing an ad valorem tax; or
(3) combining those sources.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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