Texas Transportation Code

§ 317.109 — REVIEW AND APPROVAL OF CONTRACTS RELATING TO REVENUE BONDS

TN § 317.109Title 6. ROADWAYS · Part E. MUNICIPAL STREETS · Ch. 317. ELIMINATION OF GRADE-LEVEL STREET CROSSINGS BY RAILROAD LINES IN MUNICIPALITIES WITH POPULATION OF MORE THAN 100,000 · Art. C. BONDS

Statute text

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(a)If revenue bonds issued under this chapter state that they are secured in whole or in part by a pledge of the proceeds from a contract between the municipality and another person, a copy of the contract and of the proceedings authorizing the contract must be submitted to the attorney general with the bond record.

(b)The approval by the attorney general of the bonds is approval of the contract.

(c)After approval, the contract is incontestable except for forgery or fraud.

Legislative history

Added by Acts 1999, 76th Leg., ch. 227, Sec. 24, eff. Sept. 1, 1999.