Current as of April 14, 2021 | Updated by FindLaw Staff
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To pay the cost of purchasing or constructing a natural gas system under this subchapter, the county may issue bonds payable from and secured by a pledge of the net revenue of the system. The cost of the system may include:
(1) legal, fiscal, and engineering expenses;
(2) interest that accrues during the construction of the system; and
(3) the cost of supplying gas under Section 1477.119, including any increase in the cost of distribution lines or facilities.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1477.104. Authority to Issue Bonds - last updated April 14, 2021 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1477-104/
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