Sec. 1505.003. AMOUNT OF BONDS. A municipality may issue bonds under this subchapter in an amount:
(1) the municipality considers necessary; and
(2) that does not exceed a limit on debt set by the municipal charter.
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 1505 - Obligations for Coastal Municipalities for Coastal Matters
Subchapter A. Bonds for Harbor Improvements in Municipalities Bordering Gulf of Mexico
Section 1505.001. Applicability of Subchapter
Section 1505.002. Authority to Issue Bonds for Harbor Improvements