SECTION 53.163. Revenue Financing; Projection of Anticipated Income

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Where revenue financing is included, with respect to Texas Civil Statutes, Article 2370c-2 issues, a projection of anticipated income from each source for the life of the revenue securities employed must be furnished, showing the data and basis upon which such projection is made, certified as to its reasonableness by a certified public accountant or by the city chief finance officer, city manager, county judge, or county auditor, as applicable.

Source Note: The provisions of this §53.163 adopted to be effective January 1, 1976.

                    
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