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Tex. Local Government Code § 507.151

AUTHORITY TO ISSUE BONDS; APPROVAL

Texas · Texas Local Government Code · Status: effective

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Tex. Local Government Code § 507.151, AUTHORITY TO ISSUE BONDS; APPROVAL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694258
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(a) A spaceport development corporation may issue bonds only if a site in the territory of the authorizing entity has been designated as the site for a spaceport. (b) Bonds issued under this chapter must be approved by the governing body of each political subdivision that authorized creation of the spaceport development corporation.