Legislative Reference Library of Texas About the library Site Index
Legislative Reference Library of Texas
your partner in legislative research
Legislative Reference Library of Texas
your partner in legislative research

LRL Home - Legislation - Legislative archive system - Direct search - Search results

Search results Help  |  Status

SB 428, 54th Regular Session
Relating to authorizing any city including any city operating under a Home Rule Charter, having outstanding water revenue bonds whose net revenues from its waterworks system for each of the two fiscal years next preceding the date when it avails itself of this law are equal to or exceeds two hundred per cent of the requirements of principal and interest on such outstanding bonds for the year when such requirements are the greatest, to issue for the express purpose of providing funds for the refunding or redemption of its outstanding water system revenue bonds, general obligation bonds, and to be entitled to have paid into its general fund from its water works system revenues like amounts as would have been payable on the water system revenue bonds refunded or redeemed, in addition to any such payments provided by the terms of any contract regarding the issuance of its water system revenue bonds.

Author: Oswald E. "Ozzie" Latimer

City Government--Finance

The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions. Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.