Tex. Transp. Code § 451.139 · Subchapter C-1. ADDITIONAL MANAGEMENT PROVISIONS FOR CERTAIN AUTHORITIES
ISSUANCE OF BONDS FOR SELF-INSURANCE OR RETIREMENT OR PENSION FUND RESERVES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An authority may issue bonds only in an amount necessary for managing or funding retiree pension benefit obligations for pension plans existing as of January 1, 2011, and that result from the competitive bidding of transit services required by Section 451.137.
(b) Section 451.352(c) does not apply to bonds described by Subsection (a).
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 1327 (S.B. 650), Sec. 1, eff. June 17, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.451.htm
- Text hash
- sha256 e278210e9464cc2531dc1de986edccf4f63ce73fa52ee8bfcc6883f4e3f4df33
- 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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