Sec. 15.907. VALIDITY AND INCONTESTABILITY. On approval by the attorney general and registration by the comptroller, the loan agreement, the promissory note, a contract providing revenue or security, and any other obligation evidencing the debt are incontestable in a court and are valid, binding, and enforceable according to their terms.
Added by Acts 2001, 77th Leg., ch. 1234, Sec. 22, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 15 - Texas Water Assistance Program
Section 15.902. Disadvantaged Rural Community Water and Wastewater Financial Assistance Fund
Section 15.903. Financial Assistance
Section 15.904. Use of Sales Tax as Loan Security
Section 15.905. Review and Approval of Loan Agreement by Attorney General
Section 15.907. Validity and Incontestability
Section 15.910. Application for Assistance
Section 15.911. Findings Regarding Permits
Section 15.912. Considerations in Acting on Application
Section 15.913. Approval of Application
Section 15.914. Construction Contract Requirements
Section 15.915. Filing Construction Contract
Section 15.916. Inspection of Projects
Section 15.917. Alteration of Plans
Section 15.918. Certificate of Approval
Section 15.920. Authority of Political Subdivisions or Water Supply Corporations