Sec. 1433.023. AUTHORITY TO ISSUE REVENUE BONDS. (a) Except as provided by Subsection (b), an issuer may issue revenue bonds to pay all or a part of the cost of acquiring, constructing, enlarging, or improving an industrial project, including a project in an enterprise zone designated under Chapter 2303, or a medical project.
(b) A district may not authorize revenue bonds for a medical project.
(c) An issuer may secure the payment of the bonds as provided by this chapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities
Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources
Subchapter B. Powers of Issuer
Section 1433.021. Acquisition of Project; Disposition
Section 1433.022. Limitations on Acquisitions
Section 1433.023. Authority to Issue Revenue Bonds
Section 1433.024. Lease of Project
Section 1433.025. Advertising for Certain Contracts; Performance and Payment Bonds