Tex. Local Government Code § 336.304
This is the official text of Tex. Local Government Code § 336.304, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 336.304. SHORT-TERM BONDS.
Official statutory text
(a) The board by resolution may issue bonds that are secured by revenue or taxes of the district if the bonds:
(1) have a term of not more than 12 months; and
(2) are payable only from revenue or taxes received on or after the date of their issuance and before the end of the fiscal year following the fiscal year in which the bonds are issued.
(b) Approval by the attorney general or registration with the comptroller is not required for a bond issued under this section.
(c) An election is not required to issue bonds under this section.
(1) have a term of not more than 12 months; and
(2) are payable only from revenue or taxes received on or after the date of their issuance and before the end of the fiscal year following the fiscal year in which the bonds are issued.
(b) Approval by the attorney general or registration with the comptroller is not required for a bond issued under this section.
(c) An election is not required to issue bonds under this section.
Status: in_force · Read it on the official government site
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