Tex. Spec. Dist. Local Laws Code § 8104.301 · Subchapter G. BONDS AND NOTES
BORROWING THROUGH BONDS OR NOTES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After the action is approved by the Baytown City Council, the authority may borrow money to carry out any power granted to the authority by:
(1) issuing and selling revenue bonds or negotiable or nonnegotiable notes payable from and secured by the sources described in this chapter; and
(2) delivering the bonds or notes to the United States or to this state when it is determined by the board to be in the best interest of the authority.
(b) The bonds or notes must be authorized by a board resolution in which a majority of the board's membership concurs.
(c) The board must provide the terms of the bonds or notes and the rights of the holders of the bonds or notes.
(d) The Baytown City Council must approve the bonds or notes before they are issued.
(e) The board is not required to hold an election before issuing and selling revenue bonds.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.06, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8104.htm
- Text hash
- sha256 0ed33ec1f908a813f711b72d4cdbca4995087203b8ee8aa519749de6a889f610
- 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
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.