Texas Transportation Code
§ 54.108 — SALE OF OBLIGATIONS
TN § 54.108Title 4. NAVIGATION · Part A. WATERWAYS AND PORTS · Ch. 54. HARBOR AND PORT FACILITIES IN CERTAIN MUNICIPALITIES · Art. C. OBLIGATIONS
Statute text
View on source(a)Obligations issued under this chapter shall be sold at a public or private sale under terms determined by the governing body or the board issuing the obligations to be the most advantageous and reasonably obtainable.
(b)Subsection (a) applies to obligations payable from revenue notwithstanding any restriction in a municipal charter to the contrary.
Legislative history
Added by Acts 1999, 76th Leg., ch. 227, Sec. 20, eff. Sept. 1, 1999.