Texas Transportation Code § 451.355 Approval; Registration

Sec. 451.355. APPROVAL; REGISTRATION. (a) An authority's bonds and the records relating to their issuance shall be submitted to the attorney general for examination before the bonds may be delivered.

(b) If the attorney general finds that the bonds have been issued in conformity with the constitution and this chapter and that the bonds will be a binding obligation of the issuing authority, the attorney general shall approve the bonds.

(c) After the bonds are approved by the attorney general, the comptroller shall register the bonds.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Section: Previous  451.254  451.255  451.256  451.351  451.352  451.353  451.354  451.355  451.356  451.357  451.358  451.359  451.360  451.361  451.362  Next

Last modified: September 28, 2016