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

Tex. Local Government Code § 254.053: AUTHORITY OF BOARD TO ISSUE OBLIGATIONS.

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Where this section sits in the code
  1. LOCAL GOVERNMENT CODE
  2. TITLE 8. ACQUISITION, SALE, OR LEASE OF PROPERTY
  3. SUBTITLE A. MUNICIPAL ACQUISITION, SALE, OR LEASE OF PROPERTY
  4. CHAPTER 254. ACQUISITION AND DEVELOPMENT OF ISLAND PROPERTY
  5. SUBCHAPTER C. OBLIGATIONS

A board by resolution may issue in the name of the board, with the consent of the governing body of the municipality:

(1) obligations payable from revenue in the manner provided by this chapter and refund previously issued obligations;

(2) expense notes drawn against the revenues of the board to pay expenses during the fiscal year of the board in which the notes are issued; and

(3) certificates of participation in contractual obligations to pay money.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 9, eff. Sept. 1, 1999.

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

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