Tex. Transportation Code § 54.153
This is the official text of Tex. Transportation Code § 54.153, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 54.153. AUTHORITY TO ISSUE REVENUE REFUNDING OBLIGATIONS.
Official statutory text
The governing body of a municipality or a board, under the procedures provided by this chapter, may issue obligations payable from revenue to refund outstanding obligations payable from revenue, including original or refunding obligations:
(1) issued under this chapter;
(2) issued for a purpose described by Section 54.003; or
(3) payable from the revenue of a port improvement or facility.
(1) issued under this chapter;
(2) issued for a purpose described by Section 54.003; or
(3) payable from the revenue of a port improvement or facility.
Status: in_force · Read it on the official government site
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