Tex. Spec. Dist. Local Laws Code § 8513.0702 · Subchapter G. BONDS, BORROWED MONEY, AND GRANTS
POWER TO ISSUE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For the purpose of constructing improvements related to the exercise of any power conferred on the authority by law, the authority may, without an election, issue bonds secured by a pledge of revenues of the authority without reference to their source and with the priority of liens prescribed in the proceedings authorizing the issuance of the bonds.
(b) The bonds must be authorized by a board resolution concurred in by at least eight directors.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 240 (H.B. 2692), Sec. 1, eff. May 29, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8513.htm
- Text hash
- sha256 24f01a0c147c19502a67c222f202f01486c71216bc47806f6f6107ca0feb8d2a
- 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 2 provisions
Provisions in this library whose text cites Tex. Spec. Dist. Local Laws Code § 8513.0702. Each shows the citation as that text prints it.
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.