Texas § 1471.012 EMERGENCY NOTES.

Texas Statutes

§ 1471.012 — EMERGENCY NOTES.

Texas § 1471.012

Code GVGovernment Code

This text of Texas § 1471.012 (EMERGENCY NOTES.) 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. § 1471.012 (2026).

Text

Sec. 1471.012. EMERGENCY NOTES.

(a)If money is not available, a political subdivision may:

(1)declare an emergency to:

(A)pay the principal of and interest on bonds issued under this chapter any part of which is payable from taxes; or

(B)meet any other need of the political subdivision; and

(2)issue tax or bond anticipation notes to borrow the money needed.

(b)Notes issued under this section must mature not later than one year after their date.

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Sec. 1471.012. EMERGENCY NOTES. (a) If money is not available, a political subdivision may:
(1) declare an emergency to:
(A) pay the principal of and interest on bonds issued under this chapter any part of which is payable from taxes; or
(B) meet any other need of the political subdivision; and
(2) issue tax or bond anticipation notes to borrow the money needed.
(b) Notes issued under this section must mature not later than one year after their date.