Texas § GV.1371.051 - AUTHORITY TO ISSUE OBLIGATION
Full text of Texas The Texas Constitution § GV.1371.051 — AUTHORITY TO ISSUE OBLIGATION, with citation guidance and answers to common questions.
§ GV.1371.051. AUTHORITY TO ISSUE OBLIGATION
AUTHORITY TO ISSUE OBLIGATION. As authorized and approved by the governing body of an issuer, the governing body may issue, sell, and deliver an obligation to: (1) finance a project cost; (2) refund an obligation issued in connection with an eligible project; or (3) finance all or part of a payment owed or to be owed on: (A) the establishment of a credit agreement; or (B) the settlement or termination, at maturity or otherwise, of a credit agreement, whether the settlement or termination occurs: (i) at the option of the issuer or the other party to the credit agreement; or (ii) by operation of the terms of the credit agreement. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 769, Sec. 10, eff. Sept. 1, 2001. Amended by: Acts 2007, 80th Leg., R.S., Ch. 1310 (S.B. 968 ), Sec. 3, eff. June 15, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1371.051
What does The Texas Constitution § GV.1371.051 cover?
Section GV.1371.051 ("AUTHORITY TO ISSUE OBLIGATION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1371.051?
A common citation format is "The Texas Constitution § GV.1371.051" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1371.051 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.