Tex. Gov't Code § 1501.151

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

Section 1501.151 - Authority to Issue Certificates of Indebtedness

The governing body of a general-law municipality may authorize the issuance of certificates of indebtedness to pay:

(1) a final judgment of a court in a lawsuit arising from the municipality's operation of a natural gas system the municipality owns; or

(2) a settlement of such a lawsuit.

Tex. Gov't. Code § 1501.151

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