Sec. 1504.002. AUTHORITY TO ISSUE REVENUE BONDS. (a) The governing body of a municipality by ordinance may issue revenue bonds to provide all or part of the money to establish, acquire, construct, improve, enlarge, equip, or repair a facility described by Section 1504.001(a).
(b) An eligible central municipality, as defined by Section 351.001, Tax Code, or a municipality with a population of 173,000 or more that is located within two counties by ordinance may issue bonds or incur other obligations to acquire, lease, construct, or equip a facility described by Section 1504.001(b).
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.024(a), eff. Sept. 1, 2001.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 519 (S.B. 1207), Sec. 3, eff. September 1, 2009.
Acts 2009, 81st Leg., R.S., Ch. 1087 (H.B. 4781), Sec. 2, eff. June 19, 2009.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1504 - Obligations for Municipal Buildings
Subchapter A. Revenue Bonds for Certain Facilities
Section 1504.001. Authority for Certain Facilities
Section 1504.002. Authority to Issue Revenue Bonds
Section 1504.003. Pledge of Revenue
Section 1504.004. Lien on Facility
Section 1504.005. Bonds Not Payable From Taxes; Exception
Section 1504.006. Contents of Ordinance Authorizing Bonds
Section 1504.007. Adoption and Execution of Documents
Section 1504.010. Sale of Bonds
Section 1504.011. Investment of Bond Proceeds and Funds
Section 1504.012. Term of Certain Leases
Section 1504.013. Charges for Services
Section 1504.014. Refunding Bonds
Section 1504.015. Conflict or Inconsistency With Municipal Charter