Texas § SD.8104.301 - BORROWING THROUGH BONDS OR NOTES
Full text of Texas The Texas Constitution § SD.8104.301 — BORROWING THROUGH BONDS OR NOTES, with citation guidance and answers to common questions.
§ SD.8104.301. BORROWING THROUGH BONDS OR NOTES
BORROWING THROUGH BONDS OR NOTES. (a) After the action is approved by the Baytown City Council, the authority may borrow money to carry out any power granted to the authority by: (1) issuing and selling revenue bonds or negotiable or nonnegotiable notes payable from and secured by the sources described in this chapter; and (2) delivering the bonds or notes to the United States or to this state when it is determined by the board to be in the best interest of the authority. (b) The bonds or notes must be authorized by a board resolution in which a majority of the board's membership concurs. (c) The board must provide the terms of the bonds or notes and the rights of the holders of the bonds or notes. (d) The Baytown City Council must approve the bonds or notes before they are issued. (e) The board is not required to hold an election before issuing and selling revenue bonds. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.06, eff. April 1, 2007.
Frequently Asked Questions About Texas § SD.8104.301
What does The Texas Constitution § SD.8104.301 cover?
Section SD.8104.301 ("BORROWING THROUGH BONDS OR NOTES") 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 § SD.8104.301?
A common citation format is "The Texas Constitution § SD.8104.301" (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 § SD.8104.301 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.