Texas Local Government Code 254.059 – Review and Approval of Contracts Relating to Revenue Obligations
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(a) If revenue obligations issued under this chapter state that they are secured by a pledge of the proceeds from a contract, a copy of the contract and of the proceedings authorizing the contract must be submitted to the attorney general for approval.
(b) The approval by the attorney general of the obligations is approval of the contract.
Terms Used In Texas Local Government Code 254.059
- Contract: A legal written agreement that becomes binding when signed.
- Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
- Fraud: Intentional deception resulting in injury to another.
(c) After approval, the contract is incontestable except for forgery or fraud.