Authority of Municipality To Issue Obligations

Tex. Transportation Code § 54.102, under Harbor and Port Facilities In Certain Municipalities.

Tex. Transportation Code § 54.102

Sec. 54.102. AUTHORITY OF MUNICIPALITY TO ISSUE OBLIGATIONS. The governing body of a municipality by ordinance may issue in the name of the municipality obligations payable from taxes, revenue, or both to provide money for a port improvement or facility. Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.