Sec. 1433.044. BOND RESOLUTION; CALLING ELECTION; PUBLICATION OF RESOLUTION. (a) Before issuing bonds under this chapter, a governing body shall adopt a resolution declaring its intention to issue the bonds.
(b) The resolution must specify:
(1) the amount of bonds proposed to be issued;
(2) the purpose for which the bonds are to be issued; and
(3) the date on which the governing body proposes to authorize the issuance of the bonds.
(c) The governing body may call an election on the issuance of the bonds.
(d) If an election is not called under Subsection (c), the governing body shall publish the resolution once a week for at least two consecutive weeks in at least one newspaper of general circulation in the territorial limits of the issuer. The first publication must be not less than 14 days before the date specified in the resolution for the authorization of the bonds.
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 C. Procedure for Issuing Bonds
Section 1433.041. Department Approval of Lease; Appeal
Section 1433.042. Regulation of Leases
Section 1433.043. Issuer's Authority
Section 1433.044. Bond Resolution; Calling Election; Publication of Resolution
Section 1433.046. Election Order
Section 1433.047. Notice of Election