Tex. Health & Safety Code § 262.049 · Subchapter D. BONDS
APPROVAL AND REGISTRATION OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The authority shall submit to the attorney general bonds issued under this chapter and the record relating to the issuance of those bonds.
(b) If the attorney general finds that the bonds were issued in accordance with this chapter, are valid and binding obligations of the authority, and are secured as recited in the bonds:
(1) the attorney general shall approve the bonds; and
(2) the comptroller shall register the bonds and certify the registration on the bonds.
(c) Following approval and registration, the bonds are incontestable.
(d) The bonds are negotiable and must contain the following provision: "The holder hereof shall never have the right to demand payment thereof out of money raised or to be raised by taxation."
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.262.htm
- Text hash
- sha256 16f4016a13937dd8937bef6eb0a025437082a87d3cefcc6fc3a467fd04f9a6ac
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.