Sec. 1506.154. AUTHORITY TO ISSUE REVENUE BONDS. (a) The governing body of a municipality by ordinance may issue revenue bonds for a purpose authorized by Section 1506.152(a).
(b) A municipality that proposes to create an off-street parking system under Section 1506.152(b) may by ordinance issue bonds for the purposes of creating, extending, or improving the system to the same extent otherwise provided by this subchapter for bonds issued for a single parking facility.
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 1506.151. Applicability of Subchapter
Section 1506.152. Authority for Parking and Transportation Facilities
Section 1506.153. Contracts and Leases; Joint Development
Section 1506.154. Authority to Issue Revenue Bonds
Section 1506.155. Pledge of Revenue
Section 1506.156. Additional Security
Section 1506.158. Additional Bonds
Section 1506.159. Sale of Bonds
Section 1506.160. Review and Approval of Contracts Relating to Bonds
Section 1506.162. Refunding Bonds