Texas Transportation Code
Sec. § 54.153
Authority to Issue Revenue Refunding Obligations

The governing body of a municipality or a board, under the procedures provided by this chapter, may issue obligations payable from revenue to refund outstanding obligations payable from revenue, including original or refunding obligations:

(1)

issued under this chapter;

(2)

issued for a purpose described by Section 54.003 (Authority Regarding Port Improvements and Facilities); or

(3)

payable from the revenue of a port improvement or facility.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.
Source
Tex. Legislature
Last accessed
Jun. 7, 2021
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