Texas Transportation Code - Section 54.110. Review And Approval Of Contracts Relating To Revenue Obligations
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§ 54.110. REVIEW AND APPROVAL OF CONTRACTS RELATING TO
REVENUE OBLIGATIONS. (a) If revenue obligations issued under this
chapter state that they are secured in whole or in part by a pledge
of the proceeds from a contract, including a lease contract, a copy
of the contract and of the proceedings authorizing the contract
must be submitted to the attorney general with the record relating
to the issuance of the obligations.
(b) The approval by the attorney general of the obligations
is approval of the contract.
(c) After approval, the contract is incontestable except
for forgery or fraud.
Added by Acts 1999, 76th Leg., ch. 227, § 20, eff. Sept. 1, 1999.
Section: 54.103 54.104 54.105 54.106 54.107 54.108 54.109 54.110 54.111 54.112 54.113 54.114 54.151 54.152 54.153
Last modified: August 10, 2007
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