1401.003 – LEGISLATIVE AUTHORITY. The authority may not
Texas Government Code § 1401.003
Summary
This law restricts the authority from issuing or selling bonds for projects unless specifically authorized by the legislature. It ensures that financial commitments are approved through designated legislative channels, protecting public funds.
Bonds require legislative authorization for specific projects.
Authorization can come from this chapter or related acts.
Prevents unauthorized financial commitments by the authority.
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In simple terms: Learn about Texas's LEGISLATIVE AUTHORITY. The authority may not 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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