Accounts Required To Be Created By Ordinance

Tex. Government Code § 1505.109, under Chapter 1505.

Tex. Government Code § 1505.109

Sec. 1505.109. ACCOUNTS REQUIRED TO BE CREATED BY ORDINANCE. An ordinance authorizing the issuance of obligations under this subchapter must provide for: (1) an operation and maintenance account; and (2) an interest and sinking fund account. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.