Texas § 1509.203 AUTHORITY TO ISSUE REVENUE BONDS.

Texas Statutes

§ 1509.203 — AUTHORITY TO ISSUE REVENUE BONDS.

Texas § 1509.203

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 1509.203 (2026).

Text

Sec. 1509.203. AUTHORITY TO ISSUE REVENUE BONDS. To provide money to acquire, construct, improve, enlarge, or equip property or a facility for a public purpose, the governing body of a municipality may issue revenue bonds that are payable from and secured by a lien on and pledge of all or any part of the revenue, income, or receipts the municipality receives from its ownership and operation of:

(1)a portion of a toll bridge over the Rio Grande; or

(2)property, a facility, or an activity.

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Sec. 1509.203. AUTHORITY TO ISSUE REVENUE BONDS. To provide money to acquire, construct, improve, enlarge, or equip property or a facility for a public purpose, the governing body of a municipality may issue revenue bonds that are payable from and secured by a lien on and pledge of all or any part of the revenue, income, or receipts the municipality receives from its ownership and operation of:
(1) a portion of a toll bridge over the Rio Grande; or
(2) property, a facility, or an activity.