Texas Government Code 1471.082 – Issuance of County Bonds
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(a) If the proposition to issue county bonds receives the required favorable vote, the county shall issue the bonds in the amount stated in the election order, but not in an amount that exceeds a limitation imposed by the constitution or a statute.
(b) After the county issues the bonds, the commissioners court shall set aside the amount necessary to fully compensate the commissioners or justice precinct or road district for the purpose for which the bonds were issued.
Terms Used In Texas Government Code 1471.082
- Justice: when applied to a magistrate, means justice of the peace. See Texas Government Code 312.011
- Statute: A law passed by a legislature.
(c) If the bonds are approved for the purpose described by § 1471.081(c) and the precinct or district bonds have not been issued and sold, the commissioners court shall:
(1) apply the proceeds of the county bonds to the construction, maintenance, and operation of the roads in the precinct or district as contemplated by the election approving the precinct or district bonds; and
(2) immediately cancel and destroy the unsold precinct or district bonds.
(d) If the bonds are approved for the purpose described by § 1471.081(d), the roads of the precinct or district may become a part of the county road system.