Tex. Local Government Code § 501.204
AUTHORIZING UNIT'S APPROVAL OF BONDS
Texas · Texas Local Government Code · Status: effective
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- Citation
- Tex. Local Government Code § 501.204, AUTHORIZING UNIT'S APPROVAL OF BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694028
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Full text
(a) A corporation may not deliver bonds, including refunding bonds, unless the governing body of the corporation's authorizing unit adopts a resolution, not earlier than the 60th day before the date the bonds are delivered, specifically approving the corporation's resolution providing for the issuance of the bonds.
(b) If the corporation is authorized to be created by a county alliance, the resolution required by Subsection (a) must be adopted by the commissioners courts of at least three-fifths of the members of the county alliance.