Authority To Issue Obligations

Sec. 1373.005. AUTHORITY TO ISSUE OBLIGATIONS. Notwithstanding any other law, as authorized and approved by the governing body of an issuer, obligations may be issued, sold, incurred, and delivered to: (1) finance or refinance an eligible project; (2) refund obligations, other indebtedness, or contractual obligations of the issuer issued or incurred in connection with an eligible project; and (3) pay the costs of issuance or delivery of the obligations. Added by Acts 2025, 89th Leg., R.S., Ch. 494 (S.B. 1261), Sec. 1, eff. September 1, 2025.