Texas § 451.352 POWER TO ISSUE BONDS.

Texas Statutes

§ 451.352 — POWER TO ISSUE BONDS.

Texas § 451.352

Code TNTransportation Code

This text of Texas § 451.352 (POWER 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. Transportation Code Code Ann. § 451.352 (2026).

Text

Sec. 451.352. POWER TO ISSUE BONDS.

(a)An authority may issue bonds at any time and for any amounts it considers necessary or appropriate for the acquisition, construction, repair, equipping, improvement, or extension of its transit authority system.

(b)The board, by resolution, may authorize the issuance of bonds payable solely from revenue.

(c)Bonds, any portion of which is payable from taxes, may not be issued until authorized by a majority of the votes received in an election ordered and held for that purpose.

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Sec. 451.352. POWER TO ISSUE BONDS. (a) An authority may issue bonds at any time and for any amounts it considers necessary or appropriate for the acquisition, construction, repair, equipping, improvement, or extension of its transit authority system.
(b) The board, by resolution, may authorize the issuance of bonds payable solely from revenue.
(c) Bonds, any portion of which is payable from taxes, may not be issued until authorized by a majority of the votes received in an election ordered and held for that purpose.