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Texas Government Code - GOV'T § 1232.108. Legislative Authorization Required

Current as of January 01, 2024 | Updated by Findlaw Staff

Except as permitted by Section 1232.1072, 1232.109, 2166.452, or 2166.453, before the board may issue and sell bonds, the legislature by the General Appropriations Act or other law must have authorized:

(1) the specific project for which the bonds are to be issued and sold; and

(2) the estimated cost of the project or the maximum amount of bonded indebtedness that may be incurred by the issuance and sale of bonds for the project.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1232.108. Legislative Authorization Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1232-108/

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