Sec. 1509.153. AUTHORITY TO ISSUE BONDS. If necessary to exercise the authority granted by Section 1509.152, the governing body of a municipality may issue and sell bonds to finance:
(1) the purchase, lease, or acquisition by another method of land, a facility, equipment, or supplies;
(2) the construction or improvement of a facility; and
(3) the installation of equipment.
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 D. Bonds for Garbage Reclamation Projects
Section 1509.152. Authority for Garbage Reclamation Projects
Section 1509.153. Authority to Issue Bonds
Section 1509.154. Bond Payments From Revenue or Taxes
Section 1509.155. Additional Security
Section 1509.157. Ballot Proposition
Section 1509.158. Contents of Order or Resolution Authorizing Bonds
Section 1509.159. Adoption and Execution of Documents
Section 1509.161. Imposition of Tax