The Elgin City Council has begun the process to issue certificates of obligation to borrow no more than about $26 million to fund various projects, including the expansion of the city’s wastewater treatment plant. The funds would be raised through certificates of obligation, which is a form of public debt that does not require voter approval. According to Texas’ Certificate of Obligation Act of 1971, a governing body can authorize certificates to pay for construction of any public work, purchases for authorized needs and purposes, or payment for contractual obligations for professional services. The council discussed and voted on the first step ...