Tex. Local Gov't Code Section 254.053
Authority of Board to Issue Obligations


A board by resolution may issue in the name of the board, with the consent of the governing body of the municipality:

(1)

obligations payable from revenue in the manner provided by this chapter and refund previously issued obligations;

(2)

expense notes drawn against the revenues of the board to pay expenses during the fiscal year of the board in which the notes are issued; and

(3)

certificates of participation in contractual obligations to pay money.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 9, eff. Sept. 1, 1999.

Source: Section 254.053 — Authority of Board to Issue Obligations, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­254.­htm#254.­053 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 254.053’s source at texas​.gov