Sec. 254.057. SALE OF OBLIGATIONS. (a) A municipality or board may sell obligations issued under this chapter at public or private sale under terms the governing body or the board determines to be the most advantageous and reasonably obtainable.
(b) Subsection (a) applies to obligations payable from revenue notwithstanding any restriction in a municipal charter to the contrary.
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