Tex. Local Government Code § 254.053
This is the official text of Tex. Local Government Code § 254.053, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 254.053. AUTHORITY OF BOARD TO ISSUE OBLIGATIONS.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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