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Tex. Gov't Code § 1501.151

AUTHORITY TO ISSUE CERTIFICATES OF INDEBTEDNESS

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

The governing body of a general-law municipality may authorize the issuance of certificates of indebtedness to pay:

(1) a final judgment of a court in a lawsuit arising from the municipality's operation of a natural gas system the municipality owns; or

(2) a settlement of such a lawsuit.

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