Tex. Gov't Code § 1505.109

ACCOUNTS REQUIRED TO BE CREATED BY ORDINANCE

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

An ordinance authorizing the issuance of obligations under this subchapter must provide for:

(1) an operation and maintenance account; and

(2) an interest and sinking fund account.

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