Sec. 457.254. 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.
Added by Acts 1997, 75th Leg., ch. 165, Sec. 30.35(a), eff. Sept. 1, 1997.
Section: Previous 457.201 457.202 457.203 457.204 457.251 457.252 457.253 457.254 457.255 457.256 457.257 457.258 457.259 457.260 457.301 NextLast modified: September 28, 2016