Sec. 254.063. ENCUMBRANCE OF ISLAND PROPERTY IMPROVEMENTS OR FACILITIES FINANCED BY OBLIGATIONS PAYABLE FROM AD VALOREM TAXES. A municipality may not encumber an island property improvement or facility financed by obligations payable from ad valorem taxes unless authorized at the election required by Section 254.052.
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