Texas Education Code - Section 66.23. Refunding Bonds And Notes: Approval; Registration
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§ 66.23. REFUNDING BONDS AND NOTES: APPROVAL;
REGISTRATION. All refunding bonds or notes authorized to be issued
under this subchapter and the records relating to their issuance,
including any proceedings relating to the redemption of any
outstanding bonds or notes, shall be submitted to the attorney
general for examination, and if he finds that they have been issued
in accordance with law, he shall approve them, and then they shall
be registered by the comptroller of public accounts, and after such
approval and registration they shall be incontestable. When any
such refunding bonds or notes are issued to be exchanged for any
outstanding bonds or notes, the comptroller of public accounts
shall register and deliver such refunding bonds on surrender for
cancellation of the bonds or notes being refunded. When any such
refunding bonds or notes are sold, with the proceeds to be used for
redeeming any outstanding bonds or notes, the comptroller of public
accounts shall register such refunding bonds or notes, even though
the bonds or notes to be redeemed shall not have been surrendered
for redemption or cancellation.
Acts 1971, 62nd Leg., p. 3150, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971.
Section: 66.05 66.06 66.07 66.08 66.09 66.21 66.22 66.23 66.24 66.25 66.41 66.42 66.43 66.44 66.45
Last modified: August 10, 2007
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