Sec. 271.052. CERTIFICATES PAYABLE FROM AND SECURED BY OTHER REVENUES. (a) The governing body, instead of or in addition to other methods of payment provided by this subchapter, may provide that certificates will be paid from and secured by other revenues if the issuer is authorized by the state constitution or other statutes to secure or pay any kind of general or special obligation by or from those revenues.
(b) The issuer may deliver certificates secured under this section in exchange for services or property in the same manner and with the same effect as otherwise provided by this subchapter or may sell the certificates for cash.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 8 - Acquisition, Sale, or Lease of Property
Subchapter C. Certificate of Obligation Act
Section 271.042. Purpose; Conflict
Section 271.044. Subchapter Available to Certain Municipalities
Section 271.045. Purposes for Which Certificates May Be Authorized
Section 271.046. Additional Purposes for Certificates
Section 271.048. Claims and Accounts; Funding and Exchange
Section 271.049. Notice of Intention to Issue Certificates; Petition and Election
Section 271.050. Sale of Certificates
Section 271.051. Certificates as Investments or as Security for Deposits
Section 271.052. Certificates Payable From and Secured by Other Revenues
Section 271.0525. Refinancing Certificates Issued by County
Section 271.053. Certificates as Debt and Security
Section 271.054. Competitive Procurement Requirement
Section 271.055. Notice to Bidders
Section 271.056. Exemptions From Advertisement Requirement
Section 271.0565. Pre-Bid Conference
Section 271.057. Award of Contract
Section 271.058. Authority to Reject Bids
Section 271.059. Contractor's Bonds
Section 271.060. Change Orders
Section 271.061. Compensation on Unit Price Contracts
Section 271.062. Certain Contracts Not Required to Be in Writing
Section 271.063. Unconstitutional Procedure Corrected by Resolution of Issuer