Tex. Transportation Code § 451.139
This is the official text of Tex. Transportation Code § 451.139, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 451.139. ISSUANCE OF BONDS FOR SELF-INSURANCE OR RETIREMENT OR PENSION FUND RESERVES.
Official statutory text
(a) An authority may issue bonds only in an amount necessary for managing or funding retiree pension benefit obligations for pension plans existing as of January 1, 2011, and that result from the competitive bidding of transit services required by Section 451.137.
(b) Section 451.352(c) does not apply to bonds described by Subsection (a).
(b) Section 451.352(c) does not apply to bonds described by Subsection (a).
Status: in_force · Read it on the official government site
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