KEY CONCEPT: Public Finance Options KEY QUESTION: Can a county finance debt? MAIN REFERENCE POINTS: Article XI, Section 7 of the Texas Constitution – a county that borrows money is required to establish an interest and sinking fund. Texas Government Code Chapter 1251 – bond election provisions. Texas Government Code Chapter 1431 – […]
Educating the Public on Your Bond Election
When it comes to financing, public education can be an arduous task. In some cases, the initial step is to set aside some stifling assumptions: If we can’t pay cash, it’s not worth doing. The voters will never go for it. If I obligate the county to this debt, some of the constituents will not […]
KEY CONCEPT: Public Finance Options
KEY QUESTION: Can a county finance debt?
MAIN REFERENCE POINTS: Article XI, Section 7 of the Texas Constitution – a county that borrows money is required to establish an interest and sinking fund. Texas Government Code Chapter 1251 – bond election provisions. Texas Government Code Chapter 1431 – authorizes the issuance of tax notes. Texas Local Government Code Chapter 271, Subchapter C […]
Attorney General Opinions
Bond Election for City Roads Re: Whether a county may call a bond election to fund the construction, repair, improvement, and maintenance of city roads (RQ-0319-KP). Submitted by Lilli A. Hensley Sterling County Attorney Summary, Opinion No. KP-311: A county may call a bond election under Texas Constitution article III, section 52(b) or (c) […]
