Sec. 1507.157. NO WAIVER OF CLAIMS. (a) A municipality's action under this subchapter does not affect or abrogate any claim the municipality may have with respect to a loss described by Section 1507.151.
(b) A municipality that issues bonds under this subchapter:
(1) does not waive any claim of the municipality;
(2) is not estopped from recovering on a claim of the municipality; and
(3) does not ratify any prior action by the municipality in connection with the loss.
(c) A municipality may reserve any claim the municipality may have in its action authorizing the bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1507 - Obligations Relating to Municipal Debt and Expenses
Subchapter D. Tax Bonds for Payment of Current Expenses
Section 1507.151. Authority to Issue Bonds
Section 1507.152. Pledge of Tax
Section 1507.156. Sale of Bonds
Section 1507.157. No Waiver of Claims
Section 1507.158. Redemption of Bonds