Texas Local Government Code 501.214 – Sale or Exchange of Bonds
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 501.214
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: means real and personal property. See Texas Government Code 311.005
With respect to a project, a corporation may:
(1) sell bonds; or
(2) exchange bonds for property, labor, services, material, or equipment comprising a project or incidental to the acquisition of a project.