Texas § 1502.051 AUTHORITY TO ISSUE PUBLIC SECURITIES.

Texas Statutes

§ 1502.051 — AUTHORITY TO ISSUE PUBLIC SECURITIES.

Texas § 1502.051

Code GVGovernment Code

This text of Texas § 1502.051 (AUTHORITY TO ISSUE PUBLIC SECURITIES.) 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. § 1502.051 (2026).

Text

Sec. 1502.051. AUTHORITY TO ISSUE PUBLIC SECURITIES.

(a)The governing body of a municipality may provide funds to acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, or related infrastructure for:

(1)a utility system;

(2)a park; or

(3)a swimming pool.

(b)In connection with exercising the authority to provide funds for the purposes described by Subsection (a)(1), the governing body of a municipality may provide funds to acquire, purchase, or otherwise obtain any interest in property, including additional water or riparian rights.

(c)The governing body of a municipality may issue public securities and incur obligations under contracts in accordance with this chapter for any purpose authorized by law in connection with providin

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Sec. 1502.051. AUTHORITY TO ISSUE PUBLIC SECURITIES. (a) The governing body of a municipality may provide funds to acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, or related infrastructure for:
(1) a utility system;
(2) a park; or
(3) a swimming pool.
(b) In connection with exercising the authority to provide funds for the purposes described by Subsection (a)(1), the governing body of a municipality may provide funds to acquire, purchase, or otherwise obtain any interest in property, including additional water or riparian rights.
(c) The governing body of a municipality may issue public securities and incur obligations under contracts in accordance with this chapter for any purpose authorized by law in connection with providing funds for a purpose described by Subsection (a) or (b).