Sec. 54.153. AUTHORITY TO ISSUE REVENUE REFUNDING OBLIGATIONS. The governing body of a municipality or a board, under the procedures provided by this chapter, may issue obligations payable from revenue to refund outstanding obligations payable from revenue, including original or refunding obligations:
(1) issued under this chapter;
(2) issued for a purpose described by Section 54.003; or
(3) payable from the revenue of a port improvement or facility.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle A - Waterways and Ports
Chapter 54 - Harbor and Port Facilities in Certain Municipalities
Subchapter D. Refunding Obligations
Section 54.151. Applicability of Law Relating to Original Obligations
Section 54.152. Authority to Issue Tax Refunding Obligations
Section 54.153. Authority to Issue Revenue Refunding Obligations
Section 54.154. Terms of Issuance of Revenue Refunding Obligations
Section 54.155. Registration of Refunding Obligations by Comptroller