Tex. Transp. Code Section 257.119
Sale of Bonds

(a)

The commissioners courts of the counties included in whole or part in a road district established under this subchapter, at a joint meeting held in the county having the greatest population, shall advertise bonds issued under this subchapter for sale in an advertisement or notice published in a newspaper of general circulation published in the district not later than the 10th day before the date set for the sale.

(b)

The commissioners courts shall convene in joint meeting in the county having the greatest population on the date specified for the sale in the notice to consider bids for the purchase of the bonds. The courts may reject any bid.

(c)

The commissioners courts shall sell some or all of the bonds at that joint meeting at a price permitted by Chapter 1204 (Interest Rate), Government Code. The purchase money shall be deposited with the road district’s treasurer or depository to the credit of the available road fund of the road district.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.384, eff. Sept. 1, 2001.

Source: Section 257.119 — Sale of Bonds, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­257.­htm#257.­119 (accessed May 11, 2024).

257.001
Road District or Precinct Operating Under Road Bond Law Designated Body Corporate 257.002
Contracts of Road District or Precinct Operating Under Road Bond Law 257.003
Acquisition of Roads 257.004
Road District Signs 257.005
Notice to Purchasers of Real Property in Road District 257.006
Applicability of Chapter to County Operating Under Special Road Tax Law 257.021
Establishment of Road Districts 257.022
Abolition of Road District 257.023
Exclusion of Certain Territory of Existing Districts from Road District 257.024
Excluding Real Property from Road District 257.025
Adding Real Property to Road District by Property Owner Petition 257.026
Adding Territory to Road District by Petition or on Commissioners Court Motion 257.101
Road District Authorized 257.102
Petition to Establish Road District 257.103
Change in Roads Designated in Petition 257.104
Notice of Hearing on Petition 257.105
Hearing on Petition 257.106
Order of Election to Establish District 257.107
Election to Establish District 257.108
Ex Officio District Directors 257.109
Meetings of Commissioners or Directors 257.110
District Treasurer or Depository 257.111
Purchase of Improved Roads 257.112
Bonds and Tax Authorized 257.113
Order for Bond Election 257.114
Notice of Bond Election 257.115
Declaration of Bond Election Results 257.116
Orders to Issue Bonds and Levy Tax 257.117
Levy of Bond Tax 257.118
Issuance of Bonds 257.119
Sale of Bonds 257.120
Bond Proceeds 257.121
Application of County Bond Laws 257.122
Interest Rate and Maturity of Bonds 257.123
Bond Records 257.124
Bond Warrants
Green check means up to date. Up to date

Accessed:
May 11, 2024

§ 257.119’s source at texas​.gov