Sec. 1501.255. NOTICE OF INTENTION TO ISSUE BONDS. (a) The governing body of the municipality may not adopt an ordinance authorizing the issuance of bonds under this subchapter until the governing body gives notice of the time it proposes to adopt the ordinance.
(b) The notice must be published in at least two issues of a newspaper of general circulation in the municipality, with the first publication being not less than 14 days before the date the governing body proposes to adopt the ordinance.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.022, eff. Sept. 1, 2001.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1501 - Obligations for Municipal Utilities
Section 1501.251. Applicability of Subchapter
Section 1501.252. Alternative Financing Procedure
Section 1501.253. Water Supply Project Ownership and Responsibilities
Section 1501.254. Ordinance Authorizing and Issuance of Bonds
Section 1501.255. Notice of Intention to Issue Bonds
Section 1501.256. Petition; Election
Section 1501.259. Sale of Bonds
Section 1501.260. Interim Bonds
Section 1501.261. Rates, Tolls, and Charges
Section 1501.262. Deposit and Use of Bond Proceeds