1207.007 – DELEGATION OF AUTHORITY. (a) In connection
Texas Government Code § 1207.007
Summary
This law allows the governing body of an issuer to delegate authority regarding the issuance of refunding bonds. It outlines the powers they can grant, including setting limits on bond amounts and interest rates, and identifying obligations to be refunded.
Governing body can set maximum bond amounts and interest rates.
Allows identification of obligations eligible for refunding.
Authority can be delegated to officers or employees.
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In simple terms: Learn about Texas's DELEGATION OF AUTHORITY. (a) In connection law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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