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Tex. Gov't Code § 1331.053

BOND SALE ADVERTISEMENT BY CERTAIN HOME-RULE MUNICIPALITIES

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

To receive competitive bids on the interest rate paid and the amount of the premium, the governing body of a municipality the charter of which requires that municipal bonds be advertised for sale after the bonds have been authorized and issued must advertise the bonds for sale and receive bids for the sale before adopting an ordinance authorizing the issuance of the bonds.

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