Sec. 1506.011. ADDITIONAL BONDS. While any bonds issued under this subchapter are outstanding, the municipality may not issue additional bonds of equal dignity against the pledged revenue, except to the extent and in the manner expressly permitted in the ordinance authorizing the issuance of the outstanding bonds.
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 1506 - Bonds for Municipal Parking and Transportation Facilities
Section 1506.001. Applicability of Subchapter
Section 1506.002. Authority to Issue Revenue Bonds
Section 1506.003. Pledge of Revenue
Section 1506.004. Bonds Not Payable From Taxes
Section 1506.008. Exemption From Taxation
Section 1506.009. Personnel; Operation and Maintenance Expenses