Sec. 572.064. FORM AND PROVISIONS OF OBLIGATIONS. (a) An obligation issued under this subchapter must mature not later than 40 years after its date of issuance.
(b) The obligations must be signed by the presiding officer or assistant presiding officer of the public utility agency and be attested by the secretary.
(c) A public utility agency may sell obligations issued under this subchapter at public or private sale at a price or under the terms the agency determines to be in the best interest of the agency.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 19, eff. Sept. 1, 1999.
Renumbered from Local Government Code, Section 422.064 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.76(c)(2), eff. April 1, 2009.
Section: Previous 572.013 572.014 572.051 572.052 572.053 572.054 572.055 572.056 572.057 572.058 572.059 572.060 572.061 572.062 572.063Last modified: September 28, 2016