Tex. Local Government Code § 501.256
APPROVAL OF BONDS BY ECONOMIC DEVELOPMENT OFFICE
Texas · Texas Local Government Code · Status: effective
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- Citation
- Tex. Local Government Code § 501.256, APPROVAL OF BONDS BY ECONOMIC DEVELOPMENT OFFICE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694045
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Full text
(a) A corporation may submit a transcript of proceedings in connection with the issuance of bonds to the economic development office and request that the office approve the bonds. A corporation shall include a nonrefundable filing fee with the request. The office shall set the amount of the fee at a reasonable amount that is not less than $500 or more than $25,000.
(b) If the economic development office refuses to approve the bond issue solely on the basis of law, the corporation may seek a writ of mandamus from the Texas Supreme Court, and for this purpose the executive director of the economic development office is considered a state officer under Section 22.002, Government Code.