Texas Government Code Title 9, Chapter 1507 - Obligations Relating To Municipal Debt And Expenses
SUBCHAPTER A BONDS FOR PAYMENT OF JUDGMENTS
- Texas Section 1507.001 - Authority To Issue Bonds
A municipality may issue, sell, and deliver bonds in an amount sufficient to pay a final judgment of a court, plus the interest and the...
- Texas Section 1507.002 - Election
(a) A municipality may not issue bonds under this subchapter unless the bonds are authorized by a majority vote of the qualified voters of the...
SUBCHAPTER B REFUNDING OF REFUNDING BONDS ISSUED UNDER BANKRUPTCY PLAN
- Texas Section 1507.003 - Maturity
A bond issued under this subchapter must mature not later than 40 years after its date. Added by Acts 1999, 76th Leg., ch. 227, Sec....
- Texas Section 1507.051 - Authority To Issue Refunding Bonds
(a) The governing body of a municipality by ordinance may issue refunding bonds in accordance with Subchapters A and D, Chapter 1207, to refund outstanding...
- Texas Section 1507.052 - Sale Of Bonds
(a) Instead of exchanging refunding bonds issued under this subchapter for the bonds being refunded, a municipality may, at any time after calling the bonds...
- Texas Section 1507.053 - Signatures
A bond issued under this subchapter must be signed by the mayor of the municipality and the secretary or clerk of the municipality. Added by...
SUBCHAPTER C REFUNDING OF REFUNDING BONDS ADJUDICATED AS VALID OR ISSUED UNDER BANKRUPTCY PLAN
- Texas Section 1507.054 - Applicability Of Municipal Charter
A provision of a municipal charter relating to the terms, issuance, sale, or delivery of bonds does not apply to a bond issued under this...
- Texas Section 1507.101 - Authority To Issue Refunding Bonds
The governing body of a municipality by ordinance may issue refunding bonds in accordance with Subchapters A and D, Chapter 1207, to refund outstanding refunding...
- Texas Section 1507.102 - Sale Of Bonds
(a) Instead of exchanging refunding bonds issued under this subchapter for the bonds being refunded, a municipality may sell the refunding bonds or the unexchanged...
- Texas Section 1507.103 - Signatures
A bond issued under this subchapter must be signed by the mayor of the municipality and the secretary or clerk of the municipality. Added by...
SUBCHAPTER D TAX BONDS FOR PAYMENT OF CURRENT EXPENSES
- Texas Section 1507.104 - Applicability Of Municipal Charter
A provision of a municipal charter relating to the terms, issuance, sale, or delivery of bonds does not apply to a bond issued under this...
- Texas Section 1507.151 - Authority To Issue Bonds
(a) The governing body of a municipality by ordinance may issue bonds secured by and payable from ad valorem taxes to provide for the payment...
- Texas Section 1507.152 - Pledge Of Tax
The governing body may pledge to the payment of the bonds issued under this subchapter an ad valorem tax sufficient to pay when due the...
- Texas Section 1507.153 - Election
The governing body of a municipality may issue bonds under this subchapter without an election. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1,...
- Texas Section 1507.154 - Limitation
A municipality may not issue bonds under this subchapter in a principal amount that: (1) exceeds the amount of loss sustained or anticipated by the...
- Texas Section 1507.155 - Maturity
Bonds issued under this subchapter must mature not later than five years after their date of issuance as provided by the ordinance authorizing the issuance...
- Texas Section 1507.156 - Sale Of Bonds
A municipality may sell bonds issued under this subchapter at a public or private sale as provided by the ordinance authorizing the issuance and sale...
- Texas Section 1507.157 - No Waiver Of Claims
(a) A municipality's action under this subchapter does not affect or abrogate any claim the municipality may have with respect to a loss described by...
- Texas Section 1507.158 - Redemption Of Bonds
After the recovery of a loss described by Section 1507.151 or the failure of an anticipated loss described by Section 1507.151 to occur, the governing...
- Texas Section 1507.159 - Conflict With Municipal Charter
To the extent of a conflict between this subchapter and a municipal charter, this subchapter controls. Added by Acts 1999, 76th Leg., ch. 227, Sec....
SUBCHAPTER E NOTES TO FUND OR REFUND GENERAL OPERATING EXPENSES IN MUNICIPALITIES WITH A POPULATION OF 35,000 TO 45,000
- Texas Section 1507.160 - Construction
This subchapter shall be liberally construed to achieve the legislative intent and purposes of this subchapter. A power granted by this subchapter shall be broadly...
- Texas Section 1507.201 - Applicability Of Subchapter
This subchapter applies only to a home-rule or special-law municipality with a population of 35,000 to 45,000. Added by Acts 1999, 76th Leg., ch. 227,...
- Texas Section 1507.202 - Authority To Issue Notes
A municipality may issue notes to fund or refund outstanding warrants that were drawn against the municipality's general fund for general operating expenses and issued...
- Texas Section 1507.203 - Election
(a) Before a municipality may issue notes under this subchapter, the governing body of the municipality shall order an election on the question of authorizing...
- Texas Section 1507.204 - Authority To Pass Ordinances And Resolutions
If the issuance of the notes is authorized at the election, the governing body of the municipality may pass ordinances and resolutions for the issuance...
- Texas Section 1507.205 - Maturity
A note issued under this subchapter must mature not later than 10 years after its date. Added by Acts 1999, 76th Leg., ch. 227, Sec....
- Texas Section 1507.206 - Pledge
A municipality may pledge the full faith and credit of the municipality to the payment of a note issued under this subchapter and the interest...
SUBCHAPTER F BONDS FOR PAYMENT OF CURRENT EXPENSES IN MUNICIPALITIES WITH A POPULATION OF 161,000 OR MORE
- Texas Section 1507.207 - Payment Of Warrants While Notes Are Outstanding
If a warrant is drawn against the municipality's general fund during a calendar year in which a note issued under this subchapter is outstanding, the...
- Texas Section 1507.251 - Applicability Of Subchapter
This subchapter applies only to a municipality with a population of 161,000 or more. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff....
- Texas Section 1507.252 - Authority To Issue Warrants Or Notes
(a) The governing body of a municipality may issue warrants or notes drawn against the current revenues of the municipality for the fiscal year to:...
- Texas Section 1507.253 - Pledge Of Revenue; Payment
(a) A warrant or note issued under this subchapter is a lien on: (1) the revenue of the municipality for the fiscal year during which...
- Texas Section 1507.254 - Limitation On Amount Of Warrants And Notes Issued
(a) The governing body may not issue warrants or notes under this subchapter in an amount exceeding 80 percent of the difference between: (1) the...
- Texas Section 1507.255 - Sale Of Warrants Or Notes
A municipality may sell warrants or notes issued under this subchapter at a public or private sale as provided in the ordinance authorizing the issuance...
Last modified: September 28, 2016