Texas Transportation Code 453.305 – Approval; Registration
Current as of: 2024 | Check for updates
|
Other versions
(a) A transit department’s bonds and the records relating to their issuance shall be submitted to the attorney general for examination before the bonds may be delivered.
(b) If the attorney general finds that the bonds have been issued in conformity with the constitution and this chapter and that the bonds will be a binding obligation of the issuing transit department, the attorney general shall approve the bonds.
Terms Used In Texas Transportation Code 453.305
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(c) After the bonds are approved by the attorney general, the comptroller shall register the bonds.