County Bonds and Certificates of Obligation

Sec. 365.039. COUNTY BONDS AND CERTIFICATES OF OBLIGATION. A county may authorize, issue, and sell its bonds or certificates of obligation and use the proceeds to: (1) call, redeem, and retire a district's outstanding bonds; (2) remove the pledge of the revenue from a district's toll road project or other road, street, or highway project and the district's convenants in connection with the bonds and toll road project; and (3) make the toll road project available for use of the public free from tolls and charges. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.