Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 9. PUBLIC SECURITIES |
Subtitle I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES |
Chapter 1471. BONDS FOR COUNTY ROADS |
Subchapter B. ISSUANCE OF BONDS |
Sec. 1471.025. DISBURSEMENT OF BOND PROCEEDS BY COUNTY TREASURER
Latest version.
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(a) The proceeds of county bonds may be paid out only by the county treasurer on warrants:
(1) drawn on the available road fund;
(2) issued by the county clerk;
(3) countersigned by the county judge; and
(4) on certified accounts approved by the commissioners court.
(b) The proceeds of bonds issued on the faith and credit of a commissioners or justice precinct or a road district may be paid out only by the county treasurer on warrants:
(1) drawn on the available road fund of the applicable political subdivision;
(2) issued by the county clerk;
(3) countersigned by the county judge; and
(4) approved by the commissioners court.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.