Tex. Spec. Dist. Local Laws Code Section 5012.0201
Authority to Issue Bonds; Election

(a)

The authority may issue bonds for any corporate purpose.

(b)

The authority may issue bonds for a purpose described by Section 5012.0102 (Powers Regarding Ports, Waterways, and Facilities)(1) or to acquire necessary or proper lands, rights of way, extension or improvements of belt railway lines, or construction or improvements of wharves, docks, ship repair facilities, or other facilities or aids to navigation.

(c)

The authority may secure bonds issued under Subsection (b) by liens on properties acquired, constructed, or improved and pledge available revenues as additional security.

(d)

An election to approve the issuance of bonds payable from taxes must be held in the manner provided for bond elections under Chapter 54 (Municipal Utility Districts), Water Code.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.

Source: Section 5012.0201 — Authority to Issue Bonds; Election, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­5012.­htm#5012.­0201 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 5012.0201’s source at texas​.gov