Texas § 501.201 AUTHORITY TO ISSUE BONDS.

Texas Statutes

§ 501.201 — AUTHORITY TO ISSUE BONDS.

Texas § 501.201

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 501.201 (2026).

Text

Sec. 501.201. AUTHORITY TO ISSUE BONDS.

(a)A corporation may issue bonds to defray all or part of the cost of a project, regardless of whether the bonds are wholly or partly exempt from federal income taxation.

(b)Except as limited by this subtitle or rules and guidelines of the economic development office, a corporation has full authority with respect to bonds.

(c)Except as otherwise provided by this subtitle, a corporation may issue bonds under this subtitle without obtaining the consent or approval of any department, division, or agency of this state, other than the attorney general under Chapter 1202 , Government Code.

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Sec. 501.201. AUTHORITY TO ISSUE BONDS. (a) A corporation may issue bonds to defray all or part of the cost of a project, regardless of whether the bonds are wholly or partly exempt from federal income taxation.
(b) Except as limited by this subtitle or rules and guidelines of the economic development office, a corporation has full authority with respect to bonds.
(c) Except as otherwise provided by this subtitle, a corporation may issue bonds under this subtitle without obtaining the consent or approval of any department, division, or agency of this state, other than the attorney general under Chapter 1202 , Government Code.