Texas § 1232.108 LEGISLATIVE AUTHORIZATION REQUIRED.

Texas Statutes

§ 1232.108 — LEGISLATIVE AUTHORIZATION REQUIRED.

Texas § 1232.108

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 1232.108 (2026).

Text

Sec. 1232.108. LEGISLATIVE AUTHORIZATION REQUIRED. Except as permitted by Section 1232.1072 , 1232.109 , 2166.452 , or 2166.453 , before the board may issue and sell bonds, the legislature by the General Appropriations Act or other law must have authorized:

(1)the specific project for which the bonds are to be issued and sold; and

(2)the estimated cost of the project or the maximum amount of bonded indebtedness that may be incurred by the issuance and sale of bonds for the project.

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Sec. 1232.108. LEGISLATIVE AUTHORIZATION REQUIRED. Except as permitted by Section 1232.1072 , 1232.109 , 2166.452 , or 2166.453 , before the board may issue and sell bonds, the legislature by the General Appropriations Act or other law must have authorized:
(1) the specific project for which the bonds are to be issued and sold; and
(2) the estimated cost of the project or the maximum amount of bonded indebtedness that may be incurred by the issuance and sale of bonds for the project.

Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2021, 87th Leg., R.S., Ch. 805 (H.B. 1520 ), Sec. 4, eff. June 16, 2021.