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Texas Transportation Code - TRANSP § 364.043. Authority to Issue Bonds

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

(a) A county, through the commissioners court, may issue, sell, and deliver negotiable bonds to accomplish the purposes of this chapter.  The county may use the bonds or the proceeds of the sale of the bonds to acquire, construct, improve, enlarge, or equip in whole or in part a toll bridge or a related building, structure, or other facility under this chapter or may exchange the bonds for property to accomplish the purposes of this chapter.

(b) Bonds issued under this chapter may be authorized by resolution or order from time to time.

(c) Except as required by Section 364.045, a county by resolution or order of its commissioners court may issue bonds under this chapter and use the bonds or proceeds from their sale as provided by this chapter without:

(1) holding an election to authorize that action;

(2) giving or publishing notice of the county's intent to take that action;  or

(3) advertising or calling for competitive bids in connection with that action.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 364.043. Authority to Issue Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-364-043/

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