TX · constitutions
Tex. Const. art. XI, § 3
COUNTY OR MUNICIPAL INVESTMENT IN OR DONATION OR LOAN TO PRIVATE CORPORATION OR ASSOCIATION PROHIBITED
No county, city, or other municipal corporation shall hereafter become a subscriber to the capital of any private corporation or association, or make any appropriation or donation to the same, or in anywise loan its credit; but this shall not be construed to in any way affect any obligation heretofore undertaken pursuant to law or to prevent a county, city, or other municipal corporation from investing its funds as authorized by law.
History
(Feb. 15, 1876. Amended Nov. 7, 1989.)
Provenance
- Source
- tcss.legis.texas.gov
- Retrieved
- 2026-09-24
- Edition
- 2026-09-24
- Content hash
1b3835eced1816df177636986ebeae2281281ef4be1b32933d966c8f7675066c
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