Texas § 1371.052 TRANSPORTATION AUTHORITY OBLIGATION; ELECTION.

Texas Statutes

§ 1371.052 — TRANSPORTATION AUTHORITY OBLIGATION; ELECTION.

Texas § 1371.052

Code GVGovernment Code

This text of Texas § 1371.052 (TRANSPORTATION AUTHORITY OBLIGATION; ELECTION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1371.052 (2026).

Text

Sec. 1371.052. TRANSPORTATION AUTHORITY OBLIGATION; ELECTION.

(a)A transportation authority created, organized, and operating under Chapter 452 , Transportation Code, may not issue an obligation, other than a refunding obligation, that is payable in whole or in part from its sales and use tax revenue and has a maturity longer than five years unless an election required by Section 452.352 (b), Transportation Code, has been held and the proposition has been approved.

(b)An obligation that is exempt from the election requirement of Section 452.352 (b), Transportation Code, by the terms of Chapter 452 , Transportation Code, is also exempt from the election requirement of this section.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1371.052. TRANSPORTATION AUTHORITY OBLIGATION; ELECTION. (a) A transportation authority created, organized, and operating under Chapter 452 , Transportation Code, may not issue an obligation, other than a refunding obligation, that is payable in whole or in part from its sales and use tax revenue and has a maturity longer than five years unless an election required by Section 452.352 (b), Transportation Code, has been held and the proposition has been approved.
(b) An obligation that is exempt from the election requirement of Section 452.352 (b), Transportation Code, by the terms of Chapter 452 , Transportation Code, is also exempt from the election requirement of this section.