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Texas Government Code - GOV'T § 1501.152. Notice of Intention to Issue Certificates of Indebtedness

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

(a) The governing body of the municipality may not authorize the issuance of certificates of indebtedness under this subchapter until the municipality gives notice of the municipality's intention to issue the certificates.

(b) The notice must:

(1) be published in a newspaper of general circulation in the municipality once each week for two consecutive weeks, with the first publication being before the 14th day before the date the governing body proposes to adopt the ordinance authorizing the issuance of the certificates of indebtedness;  and

(2) state:

(A) the time and place the governing body of the municipality proposes to authorize the issuance;

(B) the maximum amount of the certificates to be issued;  and

(C) the purpose for which the certificates are to be issued.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1501.152. Notice of Intention to Issue Certificates of Indebtedness - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1501-152/

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