- (a) The authority may issue bonds as authorized by this chapter for the purpose of providing money for any purpose authorized by this chapter.
- (b) The authority, without an election, may issue bonds payable from the authority's revenue pledged by board resolution.
- (c) The bonds must be authorized by a board resolution.
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.