Sec. 5201.051. GENERAL AUTHORITY TO ISSUE BONDS. (a) The district may issue bonds to:
(1) construct, maintain, and operate macadamized, graveled, or paved roads and turnpikes; and
(2) aid an activity described by Subdivision (1).
(b) The Commissioners Court of Galveston County may issue bonds for the district in the same manner as provided by general law for road district bonds.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.04, eff. April 1, 2007.
Structure Texas Statutes
Special District Local Laws Code
Subtitle B - Road and Road Utility Districts
Chapter 5201 - Galveston County Road District No. 1
Section 5201.051. General Authority to Issue Bonds
Section 5201.052. Use of Bond Proceeds Limited
Section 5201.053. Security for Bonds
Section 5201.054. Authority to Issue Ad Valorem Tax Bonds