With respect to a project, a corporation may:
(1) sell bonds; or
(2) exchange bonds for property, labor, services, material, or equipment comprising a project or incidental to the acquisition of a project.
Tex. Loc. Gov't Code § 501.214
SALE OR EXCHANGE OF BONDS
Known as the Development Corporation Act
The act spans §§ 501.001 to 507.202 (255 sections).
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.