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Tex. Local Government Code § 254.053

AUTHORITY OF BOARD TO ISSUE OBLIGATIONS

Texas · Texas Local Government Code · Status: effective

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Tex. Local Government Code § 254.053, AUTHORITY OF BOARD TO ISSUE OBLIGATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/691389
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A board by resolution may issue in the name of the board, with the consent of the governing body of the municipality: (1) obligations payable from revenue in the manner provided by this chapter and refund previously issued obligations; (2) expense notes drawn against the revenues of the board to pay expenses during the fiscal year of the board in which the notes are issued; and (3) certificates of participation in contractual obligations to pay money.