Sec. 1501.157. USE OF PROCEEDS. A municipality shall use the proceeds from the sale of certificates of indebtedness issued under this subchapter for a purpose authorized by this subchapter.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1501 - Obligations for Municipal Utilities
Section 1501.151. Authority to Issue Certificates of Indebtedness
Section 1501.152. Notice of Intention to Issue Certificates of Indebtedness
Section 1501.153. Petition; Election
Section 1501.155. Signatures; Seal
Section 1501.156. Sale of Certificates