Texas § LG.501.201 - AUTHORITY TO ISSUE BONDS
Full text of Texas The Texas Constitution § LG.501.201 — AUTHORITY TO ISSUE BONDS, with citation guidance and answers to common questions.
§ LG.501.201. AUTHORITY TO ISSUE BONDS
AUTHORITY TO ISSUE BONDS. (a) A corporation may issue bonds to defray all or part of the cost of a project, regardless of whether the bonds are wholly or partly exempt from federal income taxation. (b) Except as limited by this subtitle or rules and guidelines of the economic development office, a corporation has full authority with respect to bonds. (c) Except as otherwise provided by this subtitle, a corporation may issue bonds under this subtitle without obtaining the consent or approval of any department, division, or agency of this state, other than the attorney general under Chapter 1202 , Government Code. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009.
Frequently Asked Questions About Texas § LG.501.201
What does The Texas Constitution § LG.501.201 cover?
Section LG.501.201 ("AUTHORITY TO ISSUE BONDS") 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 § LG.501.201?
A common citation format is "The Texas Constitution § LG.501.201" (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 § LG.501.201 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.