Sec. 58.039. REVIEW BOARD. (a) The bond review board is composed of:
(1) the governor;
(2) the lieutenant governor;
(3) the speaker of the house of representatives; and
(4) the comptroller of public accounts.
(b) The governor is chairman of the review board.
(c) Bonds may not be issued under this chapter, and proceeds of bonds under this chapter may not be used to finance a program unless the issuance or program, as applicable, has been reviewed and approved by the review board.
(d) The review board may adopt rules governing application for review, the review process, and reporting requirements.
(e) A member of the review board may not be held liable for damages resulting from the performance of the members' functions under this chapter.
Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 2, Sec. 1, eff. Oct. 20, 1987. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 2.07, eff. Sept. 1, 1997.
Added by Acts 1989, 71st Leg., ch. 1247, Sec. 1, eff. Sept. 1, 1989.
Reenacted and amended by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 2.002, eff. September 1, 2009.
Section: Previous 58.032 58.033 58.034 58.035 58.036 58.037 58.038 58.039 58.040 58.041 58.051 58.052 58.053 58.054 58.055 NextLast modified: September 28, 2016