CHAPTER 1476. CERTIFICATES OF INDEBTEDNESS IN COUNTIES WITH POPULATION OF MORE THAN 1.5 MILLION
GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES
CHAPTER 1476. CERTIFICATES OF INDEBTEDNESS IN COUNTIES WITH
POPULATION OF MORE THAN 1.5 MILLION
Sec. 1476.001. APPLICABILITY OF CHAPTER. (a) This chapter
applies only to a county with a population of more than 1.5
million.
(b) If certificates of indebtedness were not issued under this
chapter by January 1, 1980, this chapter has no effect.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,
1999.
Sec. 1476.002. AUTHORITY TO ISSUE CERTIFICATES OF INDEBTEDNESS
FOR CERTAIN PURPOSES. A county may issue certificates of
indebtedness:
(1) in an amount not to exceed $2 million to construct, enlarge,
furnish, equip, or repair a county building or other permanent
improvement; or
(2) in an amount not to exceed $3.5 million to:
(A) purchase right-of-way in participation with the Texas
Department of Transportation in connection with a designated
state highway; or
(B) construct a curb, gutter, or drainage facility for a
designated state highway.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,
1999.
Sec. 1476.003. AUTHORIZATION OF CERTIFICATES OF INDEBTEDNESS BY
COMMISSIONERS COURT. Certificates of indebtedness issued under
this chapter must be authorized by order of the commissioners
court of the county.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,
1999.
Sec. 1476.004. EXECUTION; REGISTRATION BY COUNTY TREASURER. A
certificate of indebtedness issued under this chapter must be:
(1) signed by the county judge;
(2) attested by the county clerk; and
(3) registered by the county treasurer.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,
1999.
Sec. 1476.005. CASH SALE. A county shall sell certificates of
indebtedness issued under this chapter for cash.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,
1999.
Sec. 1476.006. MATURITY. A certificate of indebtedness issued
under this chapter must mature not later than 35 years after its
date.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,
1999.