Texas Government Code 1509.153 – Authority to Issue Bonds
Current as of: 2024 | Check for updates
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Terms Used In Texas Government Code 1509.153
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
If necessary to exercise the authority granted by § 1509.152, the governing body of a municipality may issue and sell bonds to finance:
(1) the purchase, lease, or acquisition by another method of land, a facility, equipment, or supplies;
(2) the construction or improvement of a facility; and
(3) the installation of equipment.