Texas Transportation Code

§ 54.153 — AUTHORITY TO ISSUE REVENUE REFUNDING OBLIGATIONS

TN § 54.153Title 4. NAVIGATION · Part A. WATERWAYS AND PORTS · Ch. 54. HARBOR AND PORT FACILITIES IN CERTAIN MUNICIPALITIES · Art. D. REFUNDING OBLIGATIONS

Statute text

View on source

The governing body of a municipality or a board, under the procedures provided by this chapter, may issue obligations payable from revenue to refund outstanding obligations payable from revenue, including original or refunding obligations:

(1)issued under this chapter;

(2)issued for a purpose described by Section 54.003; or

(3)payable from the revenue of a port improvement or facility.

Legislative history

Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.