Text of section effective on April 01, 2023
Sec. 8510.0504. POWER TO ISSUE BONDS. (a) The authority may issue bonds as authorized by this chapter for the purpose of providing money for any purpose authorized by this chapter.
(b) The authority, without an election, may issue bonds payable from the authority's revenue pledged by board resolution.
(c) The bonds must be authorized by a board resolution.
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle G - River Authorities
Chapter 8510 - Red River Authority of Texas
Subchapter E. Borrowed Money or Grants
Section 8510.0501. Power to Issue Obligations or Warrants
Section 8510.0502. Loans and Grants
Section 8510.0503. Power to Seek and Accept Contributions
Section 8510.0504. Power to Issue Bonds
Section 8510.0505. Form of Bonds
Section 8510.0507. Bonds Payable From Revenue
Section 8510.0508. Compensation Rates
Section 8510.0509. Additional Security
Section 8510.0510. Use of Bond Proceeds