Texas Transportation Code

Sec. § 451.353
Bond Terms


An authority’s bonds are fully negotiable. An authority may make the bonds redeemable before maturity at the price and subject to the terms and conditions that are provided in the authority’s resolution authorizing the bonds.


A revenue bond indenture may limit a power of the authority provided by Sections 451.054-451.060, 451.061 (Fares and Other Charges)(a) or (b), 451.064-451.069, 451.107 (Rules)(a), or 451.251 (Contract Goals for Disadvantaged Businesses) as long as the bonds issued under the indenture are outstanding.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

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Jun. 7, 2021