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Texas Local Government Code

§ 101.005 — DEBT PAYMENTS; IMPROVEMENTS

LG § 101.005Title 4. FINANCES · Part A. MUNICIPAL FINANCES · Ch. 101. GENERAL FINANCIAL PROVISIONS AFFECTING MUNICIPALITIES · Art. A. PROVISIONS AFFECTING TYPE A GENERAL-LAW MUNICIPALITIES

Statute text

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(a)The governing body of the municipality may appropriate municipal revenues to:
(1)retire and discharge the accrued indebtedness of the municipality;
(2)improve public markets and streets; or
(3)erect and operate municipal hospitals, a city hall, waterworks, or other municipal buildings and facilities.
(b)The governing body may appropriate municipal revenues under this section in amounts and under conditions that it considers appropriate.
(c)In order to fulfill its functions under this section, the governing body may borrow money based on the credit of the municipality.

Legislative history

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Source: Texas Local Government Code § 101.005 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.