Sec. 1509.006. CONTENTS OF ORDINANCE, ORDER, OR RESOLUTION AUTHORIZING BONDS. (a) In the ordinance, order, or resolution authorizing the issuance of bonds under this subchapter, the governing body of a municipality may provide for the deposit and accounting of money and the establishment and maintenance of an interest and sinking fund, a reserve fund, or another fund.
(b) The ordinance, order, or resolution may make additional covenants relating to the bonds, the pledged revenue, or the operation and maintenance of any land, building, or other facility the revenue of which is pledged for bond payments.
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 1509 - Obligations for Other Municipal Purposes
Subchapter A. Bonds for Facilities to Be Sold or Leased to Public or Private Entities
Section 1509.001. Authority to Acquire Property for Lease to Public or Private Entity
Section 1509.002. Authority to Acquire Property for Sale or Lease to Institution of Higher Education
Section 1509.003. Authority to Issue Bonds
Section 1509.004. Bond Payments From Revenue or Taxes
Section 1509.005. Election Required to Secure Bonds With Tax Revenue
Section 1509.006. Contents of Ordinance, Order, or Resolution Authorizing Bonds
Section 1509.007. Adoption and Execution of Documents
Section 1509.009. Imposition of Tax
Section 1509.010. Grants for Prisons or Law Enforcement Facilities Not Prohibited