Tex. Educ. Code Section 66.04
Validity of Bonds Purchased by Board

Whenever the board has purchased the bonds of any city, county, or municipality, approved by the attorney general, the certificate of the attorney general attesting their validity shall be admitted and received as prima facie evidence of the validity of the bonds; and in all cases in which the proceeds of the sale of these bonds have been received by the proper officers of the city, municipality, or county, or by the party acting for them in negotiating the sale of the bonds, the city, municipality, or county is thereafter estopped from denying the validity of the bonds and they shall be held to be valid and binding obligations. In the case of any bonds bought under this section, premium or discount shall be distributed over the life of the bonds.

Acts 1971, 62nd Leg., p. 3149, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.

Source: Section 66.04 — Validity of Bonds Purchased by Board, https://statutes.capitol.texas.gov/Docs/ED/htm/ED.66.htm#66.04 (accessed Jun. 5, 2024).

66.01
Permanent University Fund 66.02
Available University Fund 66.04
Validity of Bonds Purchased by Board 66.05
Reports 66.06
Written Objectives 66.07
Custody and Investment of Assets Pending Transactions 66.08
Investment Management 66.09
Cost Value of Investments and Other Assets of the Permanent University Fund 66.21
Registration 66.22
Refunding Bonds and Notes 66.23
Refunding Bonds and Notes: Approval 66.24
Authorized Investments 66.25
Tax Exempt 66.41
Management of University Lands 66.42
Duty of Land Commissioner 66.43
University Lands: Surveys 66.44
Management of Minerals Other than Oil and Gas 66.45
Soil and Water Conservation Plans 66.46
Easements on University Land 66.61
Definitions 66.62
Board for Lease of University Lands 66.63
Certain Board Actions 66.64
Powers and Duties of the Board 66.65
Board Staff 66.66
Lease Sales 66.67
Lease Terms 66.68
Marginal Property Royalty Rates 66.69
Award of Lease 66.70
Additional Lease Provisions 66.71
Lease Provisions 66.72
Cessation of Production 66.73
Shut-in Royalty 66.74
Lease Extension or Suspension 66.75
Protection from Drainage 66.76
Assignment 66.77
Royalty Payments and Reports 66.78
Interest and Penalties 66.79
Payment of Royalty in Kind 66.80
Records 66.81
Audit Information Confidential 66.82
Forfeiture 66.83
Lien 66.84
Payments

Accessed:
Jun. 5, 2024

§ 66.04’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._educ._code_section_66.04

Original Source: Section 66.04 — Validity of Bonds Purchased by Board, https://statutes.capitol.texas.gov/Docs/ED/htm/ED.66.htm#66.04 (last accessed Jun. 5, 2024).