Sec. 1477.352. AUTHORITY TO ISSUE REVENUE ANTICIPATION NOTES. The county may issue revenue anticipation notes to pay for current expenses of the county only if the county auditor:
(1) recommends that action; and
(2) identifies the revenue anticipated to be used for repayment of the notes.
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 1477 - Obligations for Other County Purposes
Subchapter H. Revenue Anticipation Notes in Certain Counties
Section 1477.351. Applicability of Subchapter
Section 1477.352. Authority to Issue Revenue Anticipation Notes