Texas Government Code 1477.005 – Contents of Ordinance, Order, or Resolution Authorizing Bonds
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Terms Used In Texas Government Code 1477.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
In the ordinance, order, or resolution authorizing the issuance of bonds under this subchapter, the commissioners court may:
(1) provide for the deposit and accounting of funds and the establishment and maintenance of an interest and sinking fund, a reserve fund, or other fund; and
(2) make additional covenants relating to the:
(A) bonds;
(B) pledged revenue; or
(C) operation and maintenance of any real property, building, or other facility, the revenue of which is pledged for bond payments.