Texas Education Code

§ 56.132 — APPROVAL AND REGISTRATION OF BONDS

ED § 56.132Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 56. STUDENT FINANCIAL ASSISTANCE · Art. H. STUDENT LOAN REVENUE BOND PROGRAM

Statute text

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(a)The attorney general shall examine bonds issued under this subchapter and the records relating to the bonds' issuance.

(b)If the attorney general finds that the bonds have been issued in accordance with law, the attorney general shall approve the bonds, and the comptroller of public accounts shall register the bonds.

(c)Following approval and registration, the bonds are incontestable and are binding obligations according to their terms.

Legislative history

Added by Acts 1991, 72nd Leg., ch. 330, Sec. 1, eff. June 5, 1991.