Sec. 254.053. AUTHORITY OF BOARD TO ISSUE OBLIGATIONS. A board by resolution may issue in the name of the board, with the consent of the governing body of the municipality:
(1) obligations payable from revenue in the manner provided by this chapter and refund previously issued obligations;
(2) expense notes drawn against the revenues of the board to pay expenses during the fiscal year of the board in which the notes are issued; and
(3) certificates of participation in contractual obligations to pay money.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 9, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 8 - Acquisition, Sale, or Lease of Property
Subtitle A - Municipal Acquisition, Sale, or Lease of Property
Chapter 254 - Acquisition and Development of Island Property
Section 254.051. Authority of Municipality to Issue Obligations
Section 254.053. Authority of Board to Issue Obligations
Section 254.054. Limitation on Aggregate Amount of Expense Notes
Section 254.055. Maturity of Obligation
Section 254.056. Signatures; Seal
Section 254.057. Sale of Obligations
Section 254.058. Contents of Ordinance or Resolution
Section 254.059. Review and Approval of Contracts Relating to Revenue Obligations
Section 254.060. Security for and Payment of Obligations Payable From Revenue
Section 254.061. Use of Certain Proceeds