Tex. Gov't Code § 1477.104

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

Section 1477.104 - Authority to Issue Bonds

To pay the cost of purchasing or constructing a natural gas system under this subchapter, the county may issue bonds payable from and secured by a pledge of the net revenue of the system. The cost of the system may include:

(1) legal, fiscal, and engineering expenses;

(2) interest that accrues during the construction of the system; and

(3) the cost of supplying gas under Section 1477.119, including any increase in the cost of distribution lines or facilities.

Tex. Gov't. Code § 1477.104

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