{"data":{"id":"us-tx/tex.-transportation-code-54.104","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 54.104","heading":"AUTHORITY OF BOARD TO ISSUE OBLIGATIONS.","body":"(a) A board by resolution may issue in the name of the board, with the consent of the governing body of the municipality:\n(1) obligations payable from revenue in the manner provided by this chapter to provide money for a port improvement or facility or to refund previously issued obligations;\n(2) expense warrants drawn against the revenue of the board to pay expenses during the fiscal year of the board in which the warrants are issued; or\n(3) certificates of participation in contractual obligations to pay money.\n(b) Notwithstanding any other provision of this chapter, a board may issue obligations only if the governing body of the municipality by ordinance approves the issuance.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.","path":["TRANSPORTATION CODE","TITLE 4. NAVIGATION","SUBTITLE A. WATERWAYS AND PORTS","CHAPTER 54. HARBOR AND PORT FACILITIES IN CERTAIN MUNICIPALITIES","SUBCHAPTER C. OBLIGATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.54.htm#54.104","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"b5565a316ea3eb20201d8efaba6c8c82a14f113adfb75cc63e7ff7c3a6b58454","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-54.103","next":"us-tx/tex.-transportation-code-54.105"},"notice":"GroundRules: Original legal text. Not legal advice."}