Tex. Gov't Code § 1502.051 · Subchapter B. PUBLIC SECURITIES FOR UTILITY SYSTEMS, PARKS, OR POOLS
AUTHORITY TO ISSUE PUBLIC SECURITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing body of a municipality may provide funds to acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, or related infrastructure for:
(1) a utility system;
(2) a park; or
(3) a swimming pool.
(b) In connection with exercising the authority to provide funds for the purposes described by Subsection (a)(1), the governing body of a municipality may provide funds to acquire, purchase, or otherwise obtain any interest in property, including additional water or riparian rights.
(c) The governing body of a municipality may issue public securities and incur obligations under contracts in accordance with this chapter for any purpose authorized by law in connection with providing funds for a purpose described by Subsection (a) or (b).
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 1999, 76th Leg., ch. 1064, Sec. 22, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1502.htm
- Text hash
- sha256 910da31ef46bcf388320d301ab08069b8f4002f3e2b08a57268dc70c0c6b3c07
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 3 provisions
Provisions in this library whose text cites Tex. Gov't Code § 1502.051. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 1502.052PLEDGE OF REVENUE.Printed as Section 1502.051(c)
- Tex. Gov't Code § 1502.060USE AND INVESTMENT OF PROCEEDS.Printed as Section 1502.051(a)(1) | Section 1502.051(a)(2) | Section 1502.051(a)(3)
- Tex. Gov't Code § 1502.061ADDITIONAL OBLIGATIONS TO IMPROVE OR EXTEND UTILITY SYSTEM.Printed as Section 1502.051(a)(1)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.