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.
1 Texas Administrative Code § 53.11 – Seals Seals should be the official seal as adopted by the governing body. Seals on certificates must exactly correspond to seals on
1 Texas Administrative Code § 53.10 – Estimates in Statements of Taxable Values Except where otherwise permitted by law, estimates in statements of taxable values are not permissible unless
1 Texas Administrative Code § 53.9 – Securities in Litigation Pending litigation will generally disqualify proposed public securities from approval when the pending litigation concerns the public securities, the
1 Texas Administrative Code § 53.7 – Transcripts of Combination Tax and Revenue Public Securities Generally, transcripts for proposed public securities supported by a combination of ad valorem taxes
