CAO(LEGAL) - APPROPRIATIONS AND REVENUE SOURCES: PUBLIC FACILITIES CORPORATIONS

Authorization

Purpose

  1. Issue bonds under Local Government Code Chapter 303, including bonds to purchase sponsor obligations;
  2. Finance public facilities on behalf of the sponsor; or
  3. Loan the proceeds of the obligations to other entities to accomplish the purposes of the sponsor.

Local Gov't Code 303.021(a)

Use of the Corporation

Texas Southmost College

CAO(LEGAL)-LJC

UPDATE 31

DATE ISSUED: 3/17/2016