Sec. 1477.104. AUTHORITY TO ISSUE BONDS. To pay the cost of purchasing or constructing a natural gas system under this subchapter, the county may issue bonds payable from and secured by a pledge of the net revenue of the system. The cost of the system may include:
(1) legal, fiscal, and engineering expenses;
(2) interest that accrues during the construction of the system; and
(3) the cost of supplying gas under Section 1477.119, including any increase in the cost of distribution lines or facilities.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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