Section 1205.021 - Authority to Bring Action An issuer may bring an action under this chapter to obtain a declaratory judgment as to:
(1) the authority of the issuer to issue the public securities;(2) the legality and validity of each public security authorization relating to the public securities, including if appropriate:(A) the election at which the public securities were authorized;(B) the organization or boundaries of the issuer;(C) the imposition of an assessment, a tax, or a tax lien;(D) the execution or proposed execution of a contract;(E) the imposition of a rate, fee, charge, or toll or the enforcement of a remedy relating to the imposition of that rate, fee, charge, or toll; and(F) the pledge or encumbrance of a tax, revenue, receipts, or property to secure the public securities;(3) the legality and validity of each expenditure or proposed expenditure of money relating to the public securities; and(4) the legality and validity of the public securities.Tex. Gov't. Code § 1205.021
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.