Texas § 1507.001 AUTHORITY TO ISSUE BONDS.

Texas Statutes

§ 1507.001 — AUTHORITY TO ISSUE BONDS.

Texas § 1507.001

Code GVGovernment Code

This text of Texas § 1507.001 (AUTHORITY TO ISSUE BONDS.) 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. § 1507.001 (2026).

Text

Sec. 1507.001. AUTHORITY TO ISSUE BONDS. A municipality may issue, sell, and deliver bonds in an amount sufficient to pay a final judgment of a court, plus the interest and the costs and expenses connected with the judgment, if:

(1)the judgment is against the municipality or the payment of the judgment is the legal responsibility of the municipality;

(2)the judgment awards the plaintiff an amount in cash; and

(3)the municipality does not have money available to pay the amount of the judgment plus the interest and the cost and expenses connected with the judgment or decree.

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Sec. 1507.001. AUTHORITY TO ISSUE BONDS. A municipality may issue, sell, and deliver bonds in an amount sufficient to pay a final judgment of a court, plus the interest and the costs and expenses connected with the judgment, if:
(1) the judgment is against the municipality or the payment of the judgment is the legal responsibility of the municipality;
(2) the judgment awards the plaintiff an amount in cash; and
(3) the municipality does not have money available to pay the amount of the judgment plus the interest and the cost and expenses connected with the judgment or decree.