Court Opinions

State Laws

US Code

US Constitution

Texas Transportation Code - Section 257.119. Sale Of Bonds

Legal Research Home > Texas Lawyer > Transportation Code > Texas Transportation Code - Section 257.119. Sale Of Bonds

§ 257.119. SALE OF BONDS.  (a) The commissioners courts 
of the counties included in whole or part in a road district 
established under this subchapter, at a joint meeting held in the 
county having the greatest population, shall advertise bonds issued 
under this subchapter for sale in an advertisement or notice 
published in a newspaper of general circulation published in the 
district not later than the 10th day before the date set for the 
sale.
	(b)  The commissioners courts shall convene in joint meeting 
in the county having the greatest population on the date specified 
for the sale in the notice to consider bids for the purchase of the 
bonds.  The courts may reject any bid.
	(c)  The commissioners courts shall sell some or all of the 
bonds at that joint meeting at a price permitted by Chapter 1204, 
Government Code. The purchase money shall be deposited with the 
road district's treasurer or depository to the credit of the 
available road fund of the road district.

Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995.  Amended 
by Acts 2001, 77th Leg., ch. 1420, § 8.384, eff. Sept. 1, 2001.

Last modified: August 10, 2007