Sec. 228.106. INTERIM BONDS. (a) The commission may, before issuing definitive bonds, issue interim bonds, with or without coupons, exchangeable for definitive bonds.
(b) An order authorizing interim bonds may provide that the interim bonds recite that the bonds are issued under this subchapter. The recital is conclusive evidence of the validity and the regularity of the bonds' issuance.
Added by Acts 2003, 78th Leg., ch. 1325, Sec. 15.27, eff. June 21, 2003.
Transferred from Transportation Code, Section 361.1751 and amended by Acts 2005, 79th Leg., Ch. 281 (H.B. 2702), Sec. 2.42, eff. June 14, 2005.
Section: Previous 228.058 228.059 228.101 228.102 228.103 228.104 228.105 228.106 228.107 228.108 228.109 228.110 228.111 228.112 228.113 NextLast modified: September 28, 2016