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Texas Transportation Code - Section 54.108. Sale Of Obligations

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§ 54.108. SALE OF OBLIGATIONS.  (a) Obligations issued 
under this chapter shall be sold at a public or private sale under 
terms determined by the governing body or the board issuing the 
obligations to be the most advantageous and reasonably obtainable.
	(b)  Subsection (a) applies to obligations payable from 
revenue notwithstanding any restriction in a municipal charter to 
the contrary. 

Added by Acts 1999, 76th Leg., ch. 227, § 20, eff. Sept. 1, 1999.

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Last modified: August 10, 2007

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Texas Transportation Code - Section 54.108. Sale Of Obligations