Tex. Loc. Gov't Code § 107.008 · Chapter 107. OBLIGATIONS FOR CERTAIN LIABILITIES TO PUBLIC PENSION FUNDS OF A MUNICIPALITY
ADDITIONAL AUTHORITY; CREDIT AGREEMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "credit agreement" and "obligation" have the meanings assigned by Section 1371.001, Government Code.
(b) The governing body of a municipality that issues obligations under Section 107.003 may exercise any of the rights or powers of the governing body of an issuer under Chapter 1371, Government Code, and may enter into a credit agreement under that chapter. An obligation issued under Section 107.003 is an obligation under Chapter 1371, Government Code, but is not required to be rated as required by that chapter.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.107.htm
- Text hash
- sha256 78518e954a27932bcd021fa1e66e06bf18d274cfef18924c21e2bc4b6838ba7f
- 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
This section cites
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Government Code
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.