Public Facility Corporations

  1. Issue bonds under the Public Facility Corporation Act, including bonds to purchase district obligations;
  2. Finance public facilities on behalf of the district; or
  3. Loan the proceeds of the obligations to other entities to accomplish the purposes of the district.
  1. Authorize and approve the creation of a corporation to act on behalf of the district; and
  2. Approve proposed articles of incorporation for the corporation.

Local Gov't Code 303.003, .021, .023

Public and Private Facilities and Infrastructure Partnerships

"Responsible governmental entity" means a governmental entity that has the power to develop or operate an applicable qualifying project.

Odem-Edroy ISD



DATE ISSUED: 6/4/2019