Texas Government Code Title 9, Chapter 1471 - Bonds For County Roads
SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 1471.001 - Applicability Of Chapter
This chapter applies only to the following political subdivisions: (1) a county, including a county operating under a special road tax law; (2) a commissioners...
SUBCHAPTER B ISSUANCE OF BONDS
- Texas Section 1471.002 - Conflicts Of Law
To the extent of a conflict between this chapter and Chapter 1204, Chapter 1204 controls. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1,...
- Texas Section 1471.011 - Authority To Issue Road Bonds
(a) In this section, "bonds" includes tax anticipation notes, bond anticipation notes, and other obligations. (b) A political subdivision may issue bonds in the manner...
- Texas Section 1471.012 - Emergency Notes
(a) If money is not available, a political subdivision may: (1) declare an emergency to: (A) pay the principal of and interest on bonds issued...
- Texas Section 1471.013 - Tax Anticipation Notes
(a) A political subdivision may issue tax anticipation notes authorized by Section 1471.012 for any purpose for which the political subdivision is authorized to impose...
- Texas Section 1471.014 - Bond Anticipation Notes
(a) A political subdivision may issue bond anticipation notes authorized by Section 1471.012 for: (1) any purpose for which bonds of the political subdivision have...
- Texas Section 1471.015 - Election On Issuance Of Bonds: County
(a) On the motion of the commissioners court or on receipt of a petition signed by a number of registered voters of the county equal...
- Texas Section 1471.016 - Petition For Election On Issuance Of Bonds: Precinct Or Road District
(a) A commissioners or justice precinct or a road district may not issue bonds under this chapter unless a petition is submitted to the commissioners...
- Texas Section 1471.017 - Hearing On And Determination Of Petition: Precinct Or Road District
(a) At the hearing on a petition submitted under Section 1471.016, the commissioners court shall hear all matters pertaining to the proposed bond election. Any...
- Texas Section 1471.018 - Notice Of Election
(a) Notice for all elections held under this chapter must be given as required by Chapter 4, Election Code. The commissioners court shall give notice...
- Texas Section 1471.019 - Results Of Election
The commissioners court may issue bonds on the faith and credit of the applicable political subdivision if two-thirds of the voters voting in the election...
- Texas Section 1471.020 - Effect Of Lack Of Notice
Notice under Section 1471.016(d) or 1471.018(a) is not a prerequisite to and does not affect the validity of a hearing or election to which the...
- Texas Section 1471.021 - Maturity
A bond issued under this chapter must mature not later than 30 years after its date except as otherwise provided by this chapter. Added by...
- Texas Section 1471.022 - Designation Of Bonds
(a) Bonds issued under this chapter by the county as a whole must be designated as "__________ (name of county) County Road Bonds." (b) Bonds...
- Texas Section 1471.023 - Disposition Of Bond Proceeds
(a) The commissioners court has the custody and control of bonds or bond anticipation notes issued under this chapter until sold under Chapter 1201. (b)...
- Texas Section 1471.024 - Duties Of County Treasurer
(a) The county treasurer is the custodian of: (1) all money collected under this chapter; and (2) all taxes collected to pay principal of and...
- Texas Section 1471.025 - Disbursement Of Bond Proceeds By County Treasurer
(a) The proceeds of county bonds may be paid out only by the county treasurer on warrants: (1) drawn on the available road fund; (2)...
- Texas Section 1471.026 - Investment Of Sinking Funds
(a) The commissioners court may invest money in a sinking fund accumulated for the redemption and payment of any bonds issued under this chapter in:...
- Texas Section 1471.027 - Use Of Bond Proceeds Outside Road District
A road district may use the proceeds of bonds issued under this chapter for road improvements located outside the district if the commissioners court finds...
- Texas Section 1471.028 - Use Of Surplus Sinking Fund
An amount remaining in the sinking fund after the principal of and interest on the bonds are fully paid may be used by a political...
SUBCHAPTER C REFINANCING ROAD DISTRICT BONDS THROUGH ASSESSMENTS
- Texas Section 1471.029 - Election For Repurchase And Cancellation Of Bonds
(a) On receipt of a petition signed by at least 50 registered voters of the political subdivision issuing the bonds, the commissioners court shall order...
- Texas Section 1471.051 - Alternate Refunding Bonds And Certificates Of Assessment Authorized
A road district may issue refunding bonds or certificates of assessment under this subchapter to refinance any portion of any outstanding bonded indebtedness if: (1)...
- Texas Section 1471.052 - Assessment As Security
Bonds or certificates issued under this subchapter must be secured by a pledge of all or part of the money received by the road district...
- Texas Section 1471.053 - Maturity
A bond or certificate issued under this subchapter must mature not later than 30 years after its date of issuance. Added by Acts 1999, 76th...
- Texas Section 1471.054 - Preparation Of Assessment
Before issuing bonds or certificates under this subchapter, the road district by order shall: (1) determine, as appropriate, the amount necessary to pay all or...
- Texas Section 1471.055 - Notice Of Hearing
(a) Notice of the hearing ordered under Section 1471.054 must provide: (1) the date, time, place, and subject matter of the hearing; (2) that refunding...
- Texas Section 1471.056 - Imposition Of Assessment
(a) If, at the conclusion of the hearing, the road district by order determines that the property in the district will benefit from refinancing under...
- Texas Section 1471.057 - Appeal Of Assessment
(a) A property owner may appeal an assessment under this subchapter by filing a notice of appeal with the road district not later than the...
- Texas Section 1471.058 - Reassessment
(a) A road district may make a new assessment of property assessed under this subchapter if an assessment of the property is: (1) set aside...
- Texas Section 1471.059 - Adjustment Of Values Following Reassessment
(a) In making a reassessment under Section 1471.058(b), the road district shall assess the property using the property's market value for the year preceding the...
- Texas Section 1471.060 - Lien For Unpaid Assessment
(a) An assessment under this subchapter, any interest, and any expenses of collection or reasonable attorney's fees incurred are a lien against the assessed property...
- Texas Section 1471.061 - Issuance And Form Of Certificates
(a) A road district may issue and transfer, on terms determined by the district, a certificate of assessment for each assessed lot or parcel. A...
SUBCHAPTER D COMPENSATION BONDS
- Texas Section 1471.062 - Assessments Considered Taxes
For purposes of a title insurance policy issued under Title 11, Insurance Code, an assessment under this subchapter and any interest on or expenses or...
- Texas Section 1471.081 - Election Authorized
(a) On receipt of a petition signed by 250 registered voters residing anywhere in the county, the commissioners court shall order an election in the...
- Texas Section 1471.082 - Issuance Of County Bonds
(a) If the proposition to issue county bonds receives the required favorable vote, the county shall issue the bonds in the amount stated in the...
- Texas Section 1471.083 - Exchange Of Bonds
(a) If county bonds are authorized for commissioners or justice precinct or road district bonds that have been issued and sold, an exchange of a...
- Texas Section 1471.084 - Deposit Of County Bonds As Guarantee
(a) If the commissioners court determines that an exchange cannot be made under Section 1471.083, the court as soon as practicable shall deposit with the...
- Texas Section 1471.085 - Terms And Form Of Compensation Bonds; Use Of Surplus Bonds
(a) County bonds issued for a purpose described by Section 1471.081(c) or (d) shall: (1) be issued in similar denominations, bear the same rate of...
- Texas Section 1471.086 - Creation Of Road District Containing Entire Territory Of Existing District
(a) If a road district is created that contains all of the territory of an existing commissioners or justice precinct or road district that has...
- Texas Section 1471.087 - Creation Of Road District Containing Portion Of Territory Of Existing District
(a) If a road district is created that contains a portion of the territory of an existing precinct or district that has outstanding road bonds,...
Last modified: September 28, 2016