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Texas Local Government Code - LOC GOV'T § 254.053. Authority of Board to Issue Obligations

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

A board by resolution may issue in the name of the board, with the consent of the governing body of the municipality:

(1) obligations payable from revenue in the manner provided by this chapter and refund previously issued obligations;

(2) expense notes drawn against the revenues of the board to pay expenses during the fiscal year of the board in which the notes are issued; and

(3) certificates of participation in contractual obligations to pay money.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 254.053. Authority of Board to Issue Obligations - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-254-053/

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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