Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 1232.108: LEGISLATIVE AUTHORIZATION REQUIRED.

Where this section sits in the code

GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE B. PROVISIONS APPLICABLE TO SECURITIES ISSUED BY STATE GOVERNMENT
CHAPTER 1232. TEXAS PUBLIC FINANCE AUTHORITY
SUBCHAPTER C. OBLIGATIONS

Except as permitted by Section 1232.1072, 1232.109, 2166.452, or 2166.453, before the board may issue and sell bonds, the legislature by the General Appropriations Act or other law must have authorized:

(1) the specific project for which the bonds are to be issued and sold; and

(2) the estimated cost of the project or the maximum amount of bonded indebtedness that may be incurred by the issuance and sale of bonds for the project.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Amended by:

Acts 2021, 87th Leg., R.S., Ch. 805 (H.B. 1520), Sec. 4, eff. June 16, 2021.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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