Tex. Gov't Code Section 1477.055
Authority to Issue Bonds and Impose Ad Valorem Taxes

(a)

To pay the costs of a project, the county may issue bonds payable from and secured by a pledge of the net revenue of the project. The cost of a project may include:

(1)

legal, fiscal, and engineering expenses; and

(2)

interest during the construction of the project.

(b)

If provided in the order issuing a bond, bonds issued under Subsection (a) may be additionally secured by an ad valorem tax imposed under Section 9, Article VIII, Texas Constitution. If the county places any part of the ad valorem tax in a permanent improvement fund, only the ad valorem taxes in that fund may be used as the additional security.

(c)

Before a county may issue bonds under Subsection (a) to pay for a project, the bonds must be approved in an election held under Section 1477.057 (Election). If an ad valorem tax is to be imposed under Subsection (b) to secure bonds, the tax must also be approved at the election held to approve the issuance of the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1477.055 — Authority to Issue Bonds and Impose Ad Valorem Taxes, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1477.­htm#1477.­055 (accessed Dec. 2, 2023).

1477.001
Authority to Acquire Property for Lease to Public or Private Entity 1477.002
Authority to Issue Bonds 1477.003
Bond Payments from Revenue or Taxes 1477.004
Election Required to Secure Bonds with Taxes 1477.005
Contents of Ordinance, Order, or Resolution Authorizing Bonds 1477.006
Adoption and Execution of Documents 1477.007
Maturity 1477.008
Imposition of Tax 1477.009
Grants for Prisons or Law Enforcement Facilities Not Prohibited 1477.051
Applicability of Subchapter 1477.052
Definition 1477.053
Authority to Acquire Water Supply 1477.054
Limitation on Cost 1477.055
Authority to Issue Bonds and Impose Ad Valorem Taxes 1477.056
Amount of Tax 1477.057
Election 1477.058
Contents of Order Authorizing Bonds 1477.059
Maturity 1477.060
Signatures 1477.061
Sale of Bonds 1477.062
Use of Bond Proceeds 1477.063
Additional Bonds 1477.064
Rates and Charges 1477.065
Taxes Pledged to Pay Bonds 1477.066
Bondholder’s Right to Mandamus 1477.067
Refunding Bonds 1477.068
Exemption from Assessment or Taxation 1477.069
County Use of Water 1477.070
Sale of Water Not Needed for County Purposes 1477.071
Eminent Domain 1477.072
Relocation or Alteration Expense 1477.073
Essential Governmental Function 1477.101
Applicability of Subchapter 1477.102
Authority to Acquire Natural Gas System 1477.103
Natural Gas System Facilities 1477.104
Authority to Issue Bonds 1477.105
Bonds Not Payable from Taxes 1477.106
Notice of Intention to Issue Bonds 1477.107
Election 1477.108
Contents of Order Authorizing Bonds 1477.109
Maturity 1477.110
Signatures 1477.111
Sale of Bonds 1477.112
Use of Bond Proceeds 1477.113
Additional Bonds 1477.114
Gas Rates and Charges 1477.115
Bondholder’s Right to Mandamus 1477.116
Refunding Bonds 1477.117
Exemption from Assessment or Taxation 1477.118
County Use of Gas 1477.119
Sale of Gas Not Needed for County Purposes 1477.120
Eminent Domain 1477.121
Relocation or Alteration Expense 1477.122
Essential Governmental Function 1477.151
Authority to Purchase Fire-fighting Equipment 1477.152
Authority to Issue Obligations and Impose Taxes 1477.153
Limit on Amount of Obligations 1477.201
Authority to Issue Certificates of Indebtedness 1477.202
Authority to Impose and Pledge Ad Valorem Tax 1477.203
Limit on Amount of Indebtedness 1477.204
Election 1477.205
Maturity 1477.206
Operation of Firefighter Training Facilities 1477.251
Applicability of Subchapter 1477.252
Authority to Issue Bonds and Impose Taxes 1477.253
Election Proposition 1477.254
Bonds Obligation of County 1477.301
Applicability of Subchapter 1477.302
Authority for Visitor or Tourist Attractions 1477.303
Authority to Issue Revenue Bonds 1477.304
Pledge of Revenue 1477.305
Lien on Facility 1477.306
Bonds Not Payable from Taxation 1477.307
Contents of Order Authorizing Bonds 1477.308
Adoption and Execution of Documents 1477.309
Maturity 1477.310
Signatures 1477.311
Sale of Bonds 1477.312
Use of Bond Proceeds 1477.313
Investment of Funds 1477.314
Charges for Services 1477.315
Refunding Bonds 1477.351
Applicability of Subchapter 1477.352
Authority to Issue Revenue Anticipation Notes 1477.353
Limit on Amount of Notes 1477.354
Maturity 1477.355
Revenue Available for Payment of Notes 1477.401
Applicability of Subchapter 1477.402
Authority to Borrow 1477.403
Authority to Issue Obligations 1477.404
Authority to Impose and Pledge Taxes and Revenues 1477.405
Maturity 1477.406
Signatures 1477.407
Validity of Obligation
Green check means up to date. Up to date

Accessed:
Dec. 2, 2023

§ 1477.055’s source at texas​.gov