Sec. 1251.006. CERTAIN BONDS EXEMPTED. (a) Sections 1251.001, 1251.002, and 1251.004 do not apply to:
(1) refunding bonds of a county or municipality; or
(2) bonds issued in an amount less than $2,000 to repair a building or structure that may be built using the proceeds of bonds.
(b) If bonds described by Subsection (a)(2) are issued, the aggregate principal amount of those bonds may not exceed $2,000 in a calendar year.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Section: Previous 1251.001 1251.002 1251.003 1251.004 1251.005Last modified: September 28, 2016