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Texas Transportation Code - Section 54.153. Authority To Issue Revenue Refunding Obligations

Legal Research Home > Texas Lawyer > Transportation Code > Texas Transportation Code - Section 54.153. Authority To Issue Revenue Refunding Obligations

§ 54.153. AUTHORITY TO ISSUE REVENUE REFUNDING 
OBLIGATIONS.  The governing body of a municipality or a board, 
under the procedures provided by this chapter, may issue 
obligations payable from revenue to refund outstanding obligations 
payable from revenue, including original or refunding obligations:
		(1)  issued under this chapter;                                               
		(2)  issued for a purpose described by Section 54.003;  
or                  
		(3)  payable from the revenue of a port improvement or 
facility.            

Added by Acts 1999, 76th Leg., ch. 227, § 20, eff. Sept. 1, 1999.          

Last modified: August 10, 2007