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

Tex. Local Government Code § 254.057: SALE OF 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) A municipality or board may sell obligations issued under this chapter at public or private sale under terms the governing body or the board determines to be the most advantageous and reasonably obtainable.

(b) Subsection (a) applies to obligations payable from revenue notwithstanding any restriction in a municipal charter to the contrary.

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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