 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
LOCAL GOVERNMENT CODE |
|
Title 8. ACQUISITION, SALE, OR LEASE OF PROPERTY |
|
Subtitle C. ACQUISITION, SALE, OR LEASE PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT |
|
Chapter 271. PURCHASING AND CONTRACTING AUTHORITY OF MUNICIPALITIES, COUNTIES, AND CERTAIN OTHER LOCAL GOVERNMENTS |
|
Subchapter C. CERTIFICATE OF OBLIGATION ACT |
Sec. 271.044. SUBCHAPTER AVAILABLE TO CERTAIN MUNICIPALITIES
Latest version.
-
(a) A municipality may use this subchapter only if the municipality:
(1) is incorporated under the home-rule amendment to the constitution (Article XI, Section 5, of the Texas Constitution); or
(2) is incorporated under a general or special law and the municipality has the authority to levy an ad valorem tax of not less than $1.50 on each $100 valuation of taxable property in the municipality.
(b) A home-rule municipality may use this subchapter regardless of any provision in the municipality's charter to the contrary.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.