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Texas Government Code - GOV'T § 1435.053. Duty of Governing Body

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

While the bonds are outstanding, the governing body of the municipality or county shall:

(1) enforce each lease or contract entered under Section 1435.004 and impose adequate fees, charges, and rentals to assure payment of the principal of and interest on the bonds as they become due;  and

(2) establish and maintain the funds as provided by the ordinance authorizing the issuance of the bonds.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1435.053. Duty of Governing Body - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1435-053/

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