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Tex. Government Code § 1501.151

AUTHORITY TO ISSUE CERTIFICATES OF INDEBTEDNESS

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 1501.151, AUTHORITY TO ISSUE CERTIFICATES OF INDEBTEDNESS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660956
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The governing body of a general-law municipality may authorize the issuance of certificates of indebtedness to pay: (1) a final judgment of a court in a lawsuit arising from the municipality's operation of a natural gas system the municipality owns; or (2) a settlement of such a lawsuit.