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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Not later than September 30 of each year, a local government with voter-approved but unissued bonds shall submit a report to the board regarding the amount of voter-approved but unissued bonds authorized by the local government during the most recent fiscal year. The report must include:
(1) the total amount of voter-approved but unissued bonds authorized by the local government;
(2) the specific statute or law authorizing the issuance of the bonds;
(3) the number of the propositions that authorized the issuance of the bonds, as applicable;
(4) the estimated cost of the issuance of the bonds on the bond proposition, as applicable;
(5) the estimated minimum dollar amount required to be annually expended for debt service after the issuance of the bonds; and
(6) any other information the board determines necessary.
(b) The board may adopt rules to implement this section.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1231.026. Annual Local Unissued Securities Report - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1231-026/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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