Sec. 1476.002. AUTHORITY TO ISSUE CERTIFICATES OF INDEBTEDNESS FOR CERTAIN PURPOSES. A county may issue certificates of indebtedness:
(1) in an amount not to exceed $2 million to construct, enlarge, furnish, equip, or repair a county building or other permanent improvement; or
(2) in an amount not to exceed $3.5 million to:
(A) purchase right-of-way in participation with the Texas Department of Transportation in connection with a designated state highway; or
(B) construct a curb, gutter, or drainage facility for a designated state highway.
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 1476 - Certificates of Indebtedness in Counties With Population of More Than Two Million
Section 1476.001. Applicability of Chapter
Section 1476.002. Authority to Issue Certificates of Indebtedness for Certain Purposes
Section 1476.003. Authorization of Certificates of Indebtedness by Commissioners Court
Section 1476.004. Execution; Registration by County Treasurer