Texas Government Code Title 9, Chapter 1431 - Anticipation Notes
- Texas Section 1431.001 - Definitions
In this chapter: (1) "Anticipation note" means a note issued under this chapter. (2) "Eligible countywide district" means a flood control district or a hospital...
- Texas Section 1431.002 - Authority To Issue Anticipation Notes
(a) The commissioners court of a county by order, on the recommendation of the county auditor or the county budget officer, as applicable, or the...
- Texas Section 1431.003 - Additional Authority Of Counties And Certain Municipalities
(a) This section applies only to an issuer that is: (1) a county; (2) a municipality with a population of 80,000 or more; (3) an...
- Texas Section 1431.004 - Uses Of Anticipation Note Proceeds
(a) An issuer, other than an eligible school district, may use the proceeds of an anticipation note to pay: (1) a contractual obligation incurred or...
- Texas Section 1431.005 - General Limitation
An issuer may not use proceeds of an anticipation note to repay interfund or other borrowing that occurred earlier than 24 months before the date...
- Texas Section 1431.006 - Limitation On Notes To Pay Expenses
(a) Anticipation notes issued for the purposes described by Section 1431.004(a)(2) may not, in the fiscal year in which the attorney general approves the notes:...
- Texas Section 1431.007 - General Sources Of Payment
(a) Except as provided by Subsection (b), a governing body may: (1) provide that anticipation notes be paid from and secured by revenue, taxes, a...
- Texas Section 1431.008 - Ad Valorem Taxes As Source Of Payment
(a) A governing body may not issue anticipation notes that are payable from bonds secured by an ad valorem tax unless the proposition authorizing the...
- Texas Section 1431.009 - Maturity
(a) Except as provided by Subsection (b) or (e), an anticipation note issued for a purpose described by Section 1431.004(a)(1) or (b)(2) must mature before...
- Texas Section 1431.010 - Sale Of Notes
A governing body may sell an anticipation note at public or private sale for cash. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1,...
- Texas Section 1431.011 - Attorney General Approval Of Certain Notes
Chapter 1371 governs approval by the attorney general of anticipation notes issued under Section 1431.003. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1,...
- Texas Section 1431.012 - Restriction On Certain Contracts Payable From Proceeds Of Notes
(a) Except as provided by Subsection (b), a county must comply with the competitive bidding requirements of Subchapter C, Chapter 271, Local Government Code, in...
- Texas Section 1431.013 - Conflict With Other Laws
If there is a conflict between this chapter and another statute: (1) an issuer may act under either; and (2) the governing body is not...
- Texas Section 1431.014 - Certain Notes For Rural Economic Development
(a) Notwithstanding any other provision of this chapter, an issuer participating in a rural economic development program established by the Texas Agricultural Finance Authority may...
- Texas Section 1431.015 - Certain Notes Or Other Obligations For Emergency Financing
(a) In this section, "emergency" means the occurrence of widespread or severe damage, injury, or loss of life or property affecting an area in the...
- Texas Section 1431.016 - Conflicts With Municipal Charter
To the extent of a conflict between a municipal charter and any provision of this chapter relating to an anticipation note or other obligation issued...
- Texas Section 1431.017 - Attorney General Review
Following authorization of an anticipation note or other obligation under Section 1431.015, the issuer shall submit to the attorney general a transcript of proceedings related...
Last modified: September 28, 2016