Sec. 162.040. VALIDITY OF BONDS. (a) After the bonds are approved by the attorney general and registered with the comptroller of public accounts, they shall be held as valid and binding general obligations of the state in every action, suit, or proceeding in which their validity is or may be brought into question.
(b) In each action brought to enforce collection of the bonds or rights incident to the bonds, the certificate of approval by the attorney general or certified copy of that certificate shall be admitted and received in evidence as to the validity of the bonds.
(c) Only forgery or fraud may be offered as a challenge to the validity of the bonds.
Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1.
Structure Texas Statutes
Chapter 162 - Veterans' Housing Assistance Program
Section 162.031. Issuance and Sale of Bonds; Disposition of Proceeds
Section 162.033. Interest Rate
Section 162.034. Payment and Maturity of Bonds
Section 162.035. Form, Denomination, and Place of Payment of Bonds
Section 162.036. Manner of Execution
Section 162.037. Signatures and Seals
Section 162.038. Approval by Attorney General
Section 162.039. Registration With Comptroller
Section 162.040. Validity of Bonds
Section 162.041. Bonds as Negotiable Instruments
Section 162.042. Notice for Bids on Bonds
Section 162.043. Security for Bid
Section 162.044. Sale of Bonds
Section 162.045. Replacement Bonds
Section 162.046. Refunding Bonds
Section 162.047. Bonds as Investments and Security
Section 162.048. Taxation of Bonds
Section 162.049. Payment of Principal and Interest
Section 162.050. Constitutional Appropriations