Tex. Local Government Code § 271.093
This is the official text of Tex. Local Government Code § 271.093, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 271.093. FORM OF AGREEMENT; CONDITIONS.
Official statutory text
(a) The agreement shall set forth the following:
(1) the proposed date of issuance of the obligation and the name and series of the proposed obligation;
(2) each payment date with respect to the obligation and the principal of and interest on the obligation coming due on each such date; and
(3) the name and address of the financial institution serving as paying agent for the obligation to whom any payment by the comptroller should be made.
(b) This subchapter does not require or permit the state to make an appropriation to any local government and shall not be construed as creating an indebtedness of the state. Any agreement made pursuant to this subchapter shall contain a statement to that effect.
(c) The agreement terminates at the time the final payment of the principal of and interest on the obligation is made or the obligation is refunded.
(1) the proposed date of issuance of the obligation and the name and series of the proposed obligation;
(2) each payment date with respect to the obligation and the principal of and interest on the obligation coming due on each such date; and
(3) the name and address of the financial institution serving as paying agent for the obligation to whom any payment by the comptroller should be made.
(b) This subchapter does not require or permit the state to make an appropriation to any local government and shall not be construed as creating an indebtedness of the state. Any agreement made pursuant to this subchapter shall contain a statement to that effect.
(c) The agreement terminates at the time the final payment of the principal of and interest on the obligation is made or the obligation is refunded.
Status: in_force · Read it on the official government site
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