Sec. 364.043. AUTHORITY TO ISSUE BONDS. (a) A county, through the commissioners court, may issue, sell, and deliver negotiable bonds to accomplish the purposes of this chapter. The county may use the bonds or the proceeds of the sale of the bonds to acquire, construct, improve, enlarge, or equip in whole or in part a toll bridge or a related building, structure, or other facility under this chapter or may exchange the bonds for property to accomplish the purposes of this chapter.
(b) Bonds issued under this chapter may be authorized by resolution or order from time to time.
(c) Except as required by Section 364.045, a county by resolution or order of its commissioners court may issue bonds under this chapter and use the bonds or proceeds from their sale as provided by this chapter without:
(1) holding an election to authorize that action;
(2) giving or publishing notice of the county's intent to take that action; or
(3) advertising or calling for competitive bids in connection with that action.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 58 (S.B. 1334), Sec. 2, eff. May 18, 2021.
Structure Texas Statutes
Subtitle G - Turnpikes and Toll Projects
Chapter 364 - Toll Bridges in Counties Bordering the Rio Grande
Subchapter C. Bonds and Finances
Section 364.042. Authority to Borrow Money or Accept Federal Assistance
Section 364.043. Authority to Issue Bonds
Section 364.044. Revenue Bonds
Section 364.046. Mortgage or Pledge of Revenue to Secure Bonds
Section 364.047. Additional Bonds
Section 364.048. Terms of Bonds; Negotiability
Section 364.049. Sale or Exchange of Bonds
Section 364.050. Trust Indenture
Section 364.051. Depository of Bond Proceeds and Other Revenue
Section 364.052. Rights of Bondholders; Receivers
Section 364.053. Refunding Bonds