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Texas Government Code - GOV'T § 1502.051. Authority to Issue Public Securities

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

(a) The governing body of a municipality may provide funds to acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, or related infrastructure for:

(1) a utility system;

(2) a park; or

(3) a swimming pool.

(b) In connection with exercising the authority to provide funds for the purposes described by Subsection (a)(1), the governing body of a municipality may provide funds to acquire, purchase, or otherwise obtain any interest in property, including additional water or riparian rights.

(c) The governing body of a municipality may issue public securities and incur obligations under contracts in accordance with this chapter for any purpose authorized by law in connection with providing funds for a purpose described by Subsection (a) or (b).

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1502.051. Authority to Issue Public Securities - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1502-051/

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