Sec. 1474.003. AUTHORITY TO ISSUE BONDS OR NOTES FOR REPAIR PURPOSES. (a) If a county has constructed or purchased an improvement under this chapter that has been damaged and it is necessary to raise money to repair the damage, the county may issue bonds or notes under this chapter to raise the money.
(b) The term of a note issued under this chapter may not exceed 20 years.
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