Notwithstanding any other law, including a provision in a municipal charter, the following actions taken at a meeting of the governing body of an issuer are effective immediately and a subsequent meeting is not required:

1. (1) a resolution, order, or ordinance calling an election to:

   1. (A) authorize the issuance and sale of a public security; or
   2. (B) approve the resources, revenue, or income of the issuer that may be pledged as security for a public security;
2. (2) a resolution, order, or ordinance canvassing the results of an election described by Subdivision (1); or
3. (3) a public security authorization.

Added by Acts 2001, 77th Leg., ch. 769, Sec. 2, eff. Sept. 1, 2001.