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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 9. PUBLIC SECURITIES |
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Subtitle J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES |
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Chapter 1504. OBLIGATIONS FOR MUNICIPAL BUILDINGS |
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Subchapter A. REVENUE BONDS FOR CERTAIN FACILITIES |
Sec. 1504.002. AUTHORITY TO ISSUE REVENUE BONDS
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(a) The governing body of a municipality by ordinance may issue revenue bonds to provide all or part of the money to establish, acquire, construct, improve, enlarge, equip, or repair a facility described by Section 1504.001(a).
(b) An eligible central municipality, as defined by Section 351.001, Tax Code, or a municipality with a population of 173,000 or more that is located within two counties by ordinance may issue bonds or incur other obligations to acquire, lease, construct, or equip a facility described by Section 1504.001(b).
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.024(a), eff. Sept. 1, 2001. Amended by: Acts 2009, 81st Leg., R.S., Ch. 519 , Sec. 3, eff. September 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 1087 , Sec. 2, eff. June 19, 2009.