The Republican attorney general is asking a Travis County judge to reject the city of Austin’s plans to issue bonds to fund Project Connect improvements, including the light-rail system.
A Travis County judge on Monday set a trial date to hear arguments in a pending bond validation lawsuit centered on the proposed financing plan for Project Connect, setting a stage on which the future of the city of Austin’s $7.1 billion public transportation investment could be at stake.
A bond validation lawsuit seeks to confirm the validity of municipal bonds issued by a government entity. The trial will be the culmination of a lawsuit that attorneys representing the Austin Transit Partnership, the city’s light-rail planning agency, filed in February.
The trial is set for May 28 through 30, according to a memo sent to Austin Transit Partnership board members Monday.
by Chase Rogers
March 19, 2024
Austin American-Statesman