Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
Title 12. PLANNING AND DEVELOPMENT |
Subtitle C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT |
Chapter 501. PROVISIONS GOVERNING DEVELOPMENT CORPORATIONS |
Subchapter E. CORPORATE POWERS AND LIMITATIONS RELATING TO BONDS |
Sec. 501.214. SALE OR EXCHANGE OF BONDS
Latest version.
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With respect to a project, a corporation may:
(1) sell bonds; or
(2) exchange bonds for property, labor, services, material, or equipment comprising a project or incidental to the acquisition of a project.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 , Sec. 3.01, eff. April 1, 2009.