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Texas Government Code - GOV'T § 1507.252. Authority to Issue Warrants or Notes

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

(a) The governing body of a municipality may issue warrants or notes drawn against the current revenues of the municipality for the fiscal year to:

(1) provide for the payment of the municipality's expenses for the fiscal year in which the warrants or notes are issued or for any portion of that fiscal year;  or

(2) refund the principal of and interest on warrants and notes issued under this subchapter.

(b) Warrants and notes issued under this subchapter must be dated and numbered consecutively as issued.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1507.252. Authority to Issue Warrants or Notes - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1507-252/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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