{"data":{"id":"us-tx/tex.-local-government-code-501.006","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 501.006","heading":"USE OF CORPORATION TO FINANCE PROJECT.","body":"A unit may use a corporation to issue bonds on the unit's behalf to finance the cost of a project, including a project in a federally designated empowerment zone or enterprise community or in an enterprise zone designated under Chapter 2303, Government Code, to promote and develop new and expanded business enterprises for the promotion and encouragement of employment and the public welfare.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.501.htm#501.006","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"a29ed6d83e68c4d6b578ab43f55f93f64c83d74c021e647a605359fc020dbf38","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-501.005","next":"us-tx/tex.-local-government-code-501.007"},"notice":"GroundRules: Original legal text. Not legal advice."}