Texas § 254.053 AUTHORITY OF BOARD TO ISSUE OBLIGATIONS.

Texas Statutes

§ 254.053 — AUTHORITY OF BOARD TO ISSUE OBLIGATIONS.

Texas § 254.053

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 254.053 (2026).

Text

Sec. 254.053. AUTHORITY OF BOARD TO ISSUE OBLIGATIONS. A board by resolution may issue in the name of the board, with the consent of the governing body of the municipality:

(1)obligations payable from revenue in the manner provided by this chapter and refund previously issued obligations;

(2)expense notes drawn against the revenues of the board to pay expenses during the fiscal year of the board in which the notes are issued; and

(3)certificates of participation in contractual obligations to pay money.

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Sec. 254.053. AUTHORITY OF BOARD TO ISSUE OBLIGATIONS. A board by resolution may issue in the name of the board, with the consent of the governing body of the municipality:
(1) obligations payable from revenue in the manner provided by this chapter and refund previously issued obligations;
(2) expense notes drawn against the revenues of the board to pay expenses during the fiscal year of the board in which the notes are issued; and
(3) certificates of participation in contractual obligations to pay money.