Sec. 1331.053. BOND SALE ADVERTISEMENT BY CERTAIN HOME-RULE MUNICIPALITIES. To receive competitive bids on the interest rate paid and the amount of the premium, the governing body of a municipality the charter of which requires that municipal bonds be advertised for sale after the bonds have been authorized and issued must advertise the bonds for sale and receive bids for the sale before adopting an ordinance authorizing the issuance of the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle E - Provisions Applicable to Securities Issued by Municipalities
Chapter 1331 - Municipal Bonds
Subchapter B. Provisions Applicable to Certain Municipalities
Section 1331.051. Limitation on Bonded Debt: Municipality With Population of 750,000 or More
Section 1331.052. Authority of Home-Rule Municipality to Issue Bonds
Section 1331.053. Bond Sale Advertisement by Certain Home-Rule Municipalities