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Tex. Gov't Code § 1232.108

LEGISLATIVE AUTHORIZATION REQUIRED

Known as the Texas Public Finance Authority Act

The act spans §§ 1232.001 to 1232.206 (65 sections).

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff

Except as permitted by Section 1232.1072, 1232.109, 2166.452, or 2166.453, before the board may issue and sell bonds, the legislature by the General Appropriations Act or other law must have authorized:

(1) the specific project for which the bonds are to be issued and sold; and

(2) the estimated cost of the project or the maximum amount of bonded indebtedness that may be incurred by the issuance and sale of bonds for the project.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.