Sec. 1507.157. NO WAIVER OF CLAIMS. (a) A municipality's action under this subchapter does not affect or abrogate any claim the municipality may have with respect to a loss described by Section 1507.151.
(b) A municipality that issues bonds under this subchapter:
(1) does not waive any claim of the municipality;
(2) is not estopped from recovering on a claim of the municipality; and
(3) does not ratify any prior action by the municipality in connection with the loss.
(c) A municipality may reserve any claim the municipality may have in its action authorizing the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Section: Previous 1507.104 1507.151 1507.152 1507.153 1507.154 1507.155 1507.156 1507.157 1507.158 1507.159 1507.160 1507.201 1507.202 1507.203 1507.204 NextLast modified: September 28, 2016