Sec. 1201.028. SINGLE MEETING OF GOVERNING BODY SUFFICIENT. Notwithstanding any other law, including a provision in a municipal charter, the following actions taken at a meeting of the governing body of an issuer are effective immediately and a subsequent meeting is not required:
(1) a resolution, order, or ordinance calling an election to:
(A) authorize the issuance and sale of a public security; or
(B) approve the resources, revenue, or income of the issuer that may be pledged as security for a public security;
(2) a resolution, order, or ordinance canvassing the results of an election described by Subdivision (1); or
(3) a public security authorization.
Added by Acts 2001, 77th Leg., ch. 769, Sec. 2, eff. Sept. 1, 2001.
Structure Texas Statutes
Subtitle A - General Provisions
Chapter 1201 - Public Security Procedures Act
Subchapter B. Issuance and Approval of Public Security
Section 1201.021. Characteristics of Public Security
Section 1201.022. Terms of Issuance
Section 1201.023. Uncertificated Book-Entry Issuance
Section 1201.024. Form of Public Security
Section 1201.0245. Capital Appreciation Bonds by Political Subdivisions
Section 1201.025. Rate of Interest
Section 1201.026. Execution of Public Security or Interest Coupon
Section 1201.027. Authority of Issuer to Contract for Services
Section 1201.028. Single Meeting of Governing Body Sufficient