Sec. 1474.002. AUTHORITY TO ISSUE ADDITIONAL BONDS FOR IRRIGATION PURPOSES. (a) The commissioners court may order additional bonds to be issued in accordance with this chapter if:
(1) bonds have been authorized or issued under this chapter;
(2) the commissioners court considers it necessary to issue additional bonds to change the proposed improvement, to purchase or construct further improvements, to purchase additional property to implement the purposes of the project, or to best serve the interests of the county; and
(3) the additional bonds are approved at an election.
(b) The commissioners court shall enter its findings under Subsection (a) in the record of the court's proceedings.
(c) The commissioners court shall hold the election on the additional bonds in accordance with this chapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle I - Specific Authority for Counties to Issue Securities
Chapter 1474 - Bonds for County Water Improvements
Subchapter A. Purposes for Which Bonds and Notes May Be Issued
Section 1474.001. Authority to Issue Bonds for Irrigation Purposes
Section 1474.002. Authority to Issue Additional Bonds for Irrigation Purposes
Section 1474.003. Authority to Issue Bonds or Notes for Repair Purposes
Section 1474.004. Authority to Issue Bonds for Other Water-Related Improvements