Sec. 1477.106. NOTICE OF INTENTION TO ISSUE BONDS. (a) The commissioners court of the county may not authorize bonds under this subchapter until the court gives notice of its intention to issue the bonds.
(b) The notice must state, as to the proposed bonds:
(1) the maximum amount of the issue;
(2) the maximum interest rate;
(3) the maximum maturity; and
(4) the time and place at which the court intends to authorize the bonds.
(c) The notice must be published in a newspaper of general circulation in the county once a week for two consecutive weeks, with the first publication being at least 14 full days before the date set for authorization of the bonds.
(d) The commissioners court may authorize the bonds at the time and place specified in the notice except as provided by Section 1477.107.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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