Tex. Local Gov't Code Section 254.059
Review and Approval of Contracts Relating to Revenue Obligations

(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.

(c)

After approval, the contract is incontestable except for forgery or fraud.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 9, eff. Sept. 1, 1999.

Source: Section 254.059 — Review and Approval of Contracts Relating to Revenue Obligations, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.254.htm#254.059 (accessed Jun. 5, 2024).

254.001
Applicability of Chapter 254.002
Definitions 254.003
Authority Regarding Island Property 254.004
Applicability of Other Law 254.021
Management and Control by Governing Body or Board of Trustees 254.022
Organization and Duties of Board 254.023
Character of Board 254.024
Competitive Bidding 254.051
Authority of Municipality to Issue Obligations 254.052
Election 254.053
Authority of Board to Issue Obligations 254.054
Limitation on Aggregate Amount of Expense Notes 254.055
Maturity of Obligation 254.056
Signatures 254.057
Sale of Obligations 254.058
Contents of Ordinance or Resolution 254.059
Review and Approval of Contracts Relating to Revenue Obligations 254.060
Security for and Payment of Obligations Payable from Revenue 254.061
Use of Certain Proceeds 254.062
Lease or Sale of Island Property 254.063
Encumbrance of Island Property Improvements or Facilities Financed by Obligations Payable from Ad Valorem Taxes 254.081
Applicability of Law Relating to Original Obligations 254.082
Authority to Issue Tax Refunding Obligations 254.083
Authority to Issue Revenue Refunding Obligations 254.084
Terms of Issuance of Revenue Refunding Obligations 254.085
Registration of Refunding Obligations by Comptroller 254.086
Escrow Agreement

Accessed:
Jun. 5, 2024

§ 254.059’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._local_gov't_code_section_254.059

Original Source: Section 254.059 — Review and Approval of Contracts Relating to Revenue Obligations, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.254.htm#254.059 (last accessed Jun. 5, 2024).