Sec. 1503.156. AUTHORITY TO ISSUE NOTES AND WARRANTS WITHOUT ELECTION. (a) A municipality may issue notes or warrants in an amount not to exceed $100,000 for the purposes described by this subchapter without an election.
(b) To the extent of a conflict between this section and a municipal charter, this section controls.
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 1503 - Obligations for Municipal Airports
Subchapter D. Encumbrance of Airports in Municipalities With Population of More Than 160,000
Section 1503.151. Applicability of Subchapter
Section 1503.152. Pledge of Income
Section 1503.153. Encumbrance of Airport
Section 1503.154. Grant of Franchise
Section 1503.155. Obligation Not Debt
Section 1503.156. Authority to Issue Notes and Warrants Without Election