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Texas Statutes (Last Updated: January 4, 2014) |
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LOCAL GOVERNMENT CODE |
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Title 8. ACQUISITION, SALE, OR LEASE OF PROPERTY |
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Subtitle C. ACQUISITION, SALE, OR LEASE PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT |
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Chapter 271. PURCHASING AND CONTRACTING AUTHORITY OF MUNICIPALITIES, COUNTIES, AND CERTAIN OTHER LOCAL GOVERNMENTS |
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Subchapter C. CERTIFICATE OF OBLIGATION ACT |
Sec. 271.046. ADDITIONAL PURPOSES FOR CERTIFICATES
Latest version.
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(a) Certificates may be issued for the payment of contractual obligations to be incurred in:
(1) constructing or equipping a jail;
(2) constructing, renovating, or otherwise improving a county-owned building; or
(3) constructing a bridge that is part of or connected to a county road or an approach to such a bridge.
(b) Certificates issued under this section may be sold for cash, subject to the restrictions and other conditions of Section 271.050.
(c) The provisions of this subchapter relating to advertisement for competitive bids apply to contractual obligations to be incurred for a purpose for which certificates are to be issued under this section.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 648, Sec. 1, eff. June 14, 1989.