Tex. Transp. Code § 457.251 · Subchapter F. BONDS
POWER TO ISSUE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An authority may issue revenue bonds at any time and for any amounts it considers necessary or appropriate for:
(1) the acquisition, construction, repair, equipping, improvement, or extension of its transit system; or
(2) the construction or general maintenance of streets of the creating municipality.
(b) Bonds payable solely from revenues may be issued by resolution of the board.
(c) Bonds, other than refunding bonds, any portion of which is payable from tax revenue may not be issued until authorized by a majority vote of the voters of the authority voting in an election.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 165, Sec. 30.35(a), eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.457.htm
- Text hash
- sha256 e6d4bc09bdd72a5be59521188f716cd2e6cb7e9aca87bf664213d859482f39cc
- 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.