Tex. Transp. Code Section 367.059
Authority to Issue Revenue Bonds

(a)

The governing body of a municipality may issue, sell, and deliver revenue bonds to accomplish the purposes of this subchapter. The municipality may use the bonds or the proceeds of the sale of the bonds to acquire all or part of a toll bridge under this subchapter or may exchange the bonds for property to accomplish the purposes of this subchapter.

(b)

The governing body may issue the bonds and use a bond or bond proceeds as provided by this subchapter without:

(1)

giving or publishing notice of the municipality’s intent to take that action; or

(2)

advertising or calling for competitive bids in connection with that action.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.

Source: Section 367.059 — Authority to Issue Revenue Bonds, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.367.htm#367.059 (accessed Jun. 5, 2024).

367.001
Applicability of Subchapter 367.002
Definition 367.003
Authority of Municipality in Relation to Toll Bridge 367.004
Authority of Municipality to Enter into Contracts 367.005
Authority to Issue Revenue Bonds 367.006
Interim Financing 367.007
Maturity 367.008
Pledge of Revenue 367.009
Additional Security 367.010
Additional Bonds 367.011
Tolls and Charges 367.012
Public Purpose 367.013
Lease, Rental, or Donation of Facility to United States 367.014
Refunding Bonds and Notes 367.015
Sale of Bonds or Notes 367.016
Bonds and Notes Not Payable from Taxes 367.017
Conflict or Inconsistency with Other Law 367.051
Authority to Acquire Toll Bridge 367.052
Rights and Properties Associated with Toll Bridge 367.053
Liberal Construction 367.054
Powers to Be Exercised by Ordinance 367.055
General Powers of Municipality Acquiring Toll Bridge 367.056
Recreational Facilities 367.057
Tolls and Charges 367.058
Authority to Borrow Money or Accept Federal Assistance 367.059
Authority to Issue Revenue Bonds 367.060
Bonds and Warrants Not Payable from Taxes 367.061
Mortgage or Pledge of Revenue to Secure Bonds 367.062
Maturity 367.063
Sale or Exchange of Bonds 367.064
Deposit of Proceeds 367.065
Authority to Issue Bonds or Warrants to Repair, Improve, or Build Toll Bridge 367.066
Tax Exemptions 367.067
Limitations on Municipal Authority 367.068
Applicability of and Conflicts with Other Law 367.101
Applicability of Subchapter 367.102
Authority to Issue Revenue Bonds 367.103
Additional Bonds

Accessed:
Jun. 5, 2024

§ 367.059’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._transp._code_section_367.059

Original Source: Section 367.059 — Authority to Issue Revenue Bonds, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.367.htm#367.059 (last accessed Jun. 5, 2024).