1403.002 – GENERAL OBLIGATION BONDS AND NOTES FOR BORDER
Texas Government Code § 1403.002
Summary
This law allows the issuance of up to $175 million in general obligation bonds and notes for roadway projects in border colonias. It is directed by the governor and the Texas Department of Transportation to fund infrastructure improvements in these underserved areas.
Authorizes up to $175 million in bonds for border colonia projects.
Proceeds are distributed as directed by the Texas Department of Transportation.
Initiated upon requests from the office of the governor.
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In simple terms: Learn about Texas's GENERAL OBLIGATION BONDS AND NOTES FOR BORDER 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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