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Tex. Government Code § 1471.012

EMERGENCY NOTES

Texas · Texas Government Code · Status: effective

Public Safety & Emergency
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Tex. Government Code § 1471.012, EMERGENCY NOTES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660651
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(a) If money is not available, a political subdivision may: (1) declare an emergency to: (A) pay the principal of and interest on bonds issued under this chapter any part of which is payable from taxes; or (B) meet any other need of the political subdivision; and (2) issue tax or bond anticipation notes to borrow the money needed. (b) Notes issued under this section must mature not later than one year after their date.