Tex. Water Code § 15.112 · Subchapter C. WATER LOAN ASSISTANCE PROGRAM
CONTRACTS INCONTESTABLE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Contracts entered into by the board for the payment of the principal of or interest on or both the principal of and interest on bonds or other obligations issued by a political subdivision are valid, binding, and incontestable after:
(1) approval of the bonds or other obligations by the attorney general;
(2) registration of the bonds or other obligations by the comptroller; and
(3) purchase by and delivery of the bonds or other obligations to the purchaser.
Notes and commentary — not statutory text
History
Formerly Sec. 15.109, added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981. Renumbered by Acts 1985, 69th Leg., ch. 133, Sec. 2.04.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.15.htm
- Text hash
- sha256 02c68d4052a462009241395924881d83ebc20312cd8de3c65b0c11d1df77971b
- 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.