Tex. Government Code § 1502.051
AUTHORITY TO ISSUE PUBLIC SECURITIES
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 1502.051, AUTHORITY TO ISSUE PUBLIC SECURITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/661000
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Full text
(a) The governing body of a municipality may provide funds to acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, or related infrastructure for:
(1) a utility system;
(2) a park; or
(3) a swimming pool.
(b) In connection with exercising the authority to provide funds for the purposes described by Subsection (a)(1), the governing body of a municipality may provide funds to acquire, purchase, or otherwise obtain any interest in property, including additional water or riparian rights.
(c) The governing body of a municipality may issue public securities and incur obligations under contracts in accordance with this chapter for any purpose authorized by law in connection with providing funds for a purpose described by Subsection (a) or (b).