Tex. Gov't Code § 1505.109

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1505.109 - Accounts Required to Be Created By Ordinance

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.

Tex. Gov't. Code § 1505.109

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.