Texas Transportation Code 314.048 – Certificates
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Terms Used In Texas Transportation Code 314.048
- Property: means real and personal property. See Texas Government Code 311.005
The municipality may:
(1) issue assignable certificates payable to the municipality or the purchaser of the certificates stating the liability of the property and the owner of the property for the payment of assessments; and
(2) set the terms of the certificates, including the time of payment, conditions of default, and date of maturity.