Texas Local Government Code 552.051 – Drainage Revenue Bonds
Current as of: 2024 | Check for updates
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Terms Used In Texas Local Government Code 552.051
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
By majority vote of the governing body, the municipality may issue drainage revenue bonds. The municipality may use Chapter 1201, Government Code. In addition, the municipality may pledge income received by contracts for the provision of drainage to other governments or governmental subdivisions located inside or outside the service area.