1371.051 – AUTHORITY TO ISSUE OBLIGATION. As authorized
Texas Government Code § 1371.051
Summary
This law allows the governing body of an issuer to issue and sell obligations for financing projects, refunding existing obligations, or settling credit agreements. It primarily affects local government entities and their financial operations.
Governing bodies can issue obligations for project financing.
Allows refunding of obligations related to eligible projects.
Enables financing for credit agreements and their settlements.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's AUTHORITY TO ISSUE OBLIGATION. As authorized law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.