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 – authorizes a … [Read more...] about KEY CONCEPT: Public Finance Options