Sec. 15.112. CONTRACTS INCONTESTABLE. Contracts entered into by the board for the payment of the principal of or interest on or both the principal of and interest on bonds or other obligations issued by a political subdivision are valid, binding, and incontestable after:
(1) approval of the bonds or other obligations by the attorney general;
(2) registration of the bonds or other obligations by the comptroller; and
(3) purchase by and delivery of the bonds or other obligations to the purchaser.
Formerly Sec. 15.109, added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981. Renumbered by Acts 1985, 69th Leg., ch. 133, Sec. 2.04.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 15 - Texas Water Assistance Program
Subchapter C. Water Loan Assistance Program
Section 15.101. Water Loan Assistance Fund
Section 15.102. Financial Assistance
Section 15.103. Application for Assistance
Section 15.104. Findings Regarding Permits
Section 15.105. Considerations in Passing on Application
Section 15.106. Approval of Application
Section 15.107. Method of Making Financial Assistance Available
Section 15.1071. Sale of Political Subdivision Bonds to Texas Water Resources Finance Authority
Section 15.108. Recommendations for Funding by Legislature
Section 15.109. Delivery of Loans of Financial Assistance
Section 15.110. Requirements for Political Subdivisions and Federal Agencies
Section 15.111. Approval and Registration
Section 15.112. Contracts Incontestable
Section 15.113. Inspection of Projects
Section 15.114. Alteration of Plans