Tex. Gov't Code Section 1509.158
Contents of Order or Resolution Authorizing Bonds


(a)

An order or resolution of the governing body of the municipality authorizing the issuance of bonds under this subchapter may provide for the flow of funds and the establishment and maintenance of an interest and sinking fund, a reserve fund, or another fund.

(b)

The order or resolution may:

(1)

prohibit the further issuance of bonds or other obligations payable from the pledged revenue; or

(2)

reserve the right to issue additional bonds to be secured by a pledge of and payable from the revenue that are on a parity with, or subordinate to, the lien and pledge on the revenue being used to support the bonds being issued.

(c)

The order or resolution may contain any other provision or covenant, including a covenant with respect to the bonds, the pledged revenue, or the operation and maintenance of the garbage reclamation project the revenue of which is pledged.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1509.158 — Contents of Order or Resolution Authorizing Bonds, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1509.­htm#1509.­158 (accessed Mar. 23, 2024).

1509.001
Authority to Acquire Property for Lease to Public or Private Entity
1509.002
Authority to Acquire Property for Sale or Lease to Institution of Higher Education
1509.003
Authority to Issue Bonds
1509.004
Bond Payments from Revenue or Taxes
1509.005
Election Required to Secure Bonds with Tax Revenue
1509.006
Contents of Ordinance, Order, or Resolution Authorizing Bonds
1509.007
Adoption and Execution of Documents
1509.008
Maturity
1509.009
Imposition of Tax
1509.010
Grants for Prisons or Law Enforcement Facilities Not Prohibited
1509.101
Applicability of Subchapter
1509.102
Definition
1509.103
Authority for Farmers’ Market
1509.104
Authority to Issue Revenue Bonds
1509.105
Pledge of Revenue
1509.106
Additional Security
1509.107
Maturity
1509.108
Additional Bonds
1509.109
Sale of Bonds
1509.110
Review and Approval of Contracts Relating to Bonds
1509.111
Charges
1509.112
Refunding Bonds
1509.113
Public Purpose
1509.114
Conflict or Inconsistency with Other Law
1509.151
Definition
1509.152
Authority for Garbage Reclamation Projects
1509.153
Authority to Issue Bonds
1509.154
Bond Payments from Revenue or Taxes
1509.155
Additional Security
1509.156
Election
1509.157
Ballot Proposition
1509.158
Contents of Order or Resolution Authorizing Bonds
1509.159
Adoption and Execution of Documents
1509.160
Maturity
1509.161
Imposition of Tax
1509.162
Refunding Bonds
1509.163
Exemption from Taxation
1509.201
Applicability of Subchapter
1509.202
Authority for Property, Facility, or Activity
1509.203
Authority to Issue Revenue Bonds
1509.204
Pledge of Revenue
1509.205
Additional Security
1509.206
Bonds Not Payable from Taxes
1509.207
Maturity
1509.208
Additional Bonds
1509.209
Sale of Bonds
1509.210
Charges
1509.211
Lease or Rental of Property or Facility to United States
1509.212
Refunding Bonds
1509.213
Public Purpose
1509.214
Conflict or Inconsistency with Other Law
1509.901
Pledge of Revenue from Toll Bridge Contract
1509.902
Authority to Issue Bonds Payable from Toll Bridge Revenue

Accessed:
Mar. 23, 2024

§ 1509.158’s source at texas​.gov