Sec. 2306.492. BONDS INCONTESTABLE. Department bonds are incontestable for any reason in a court or other forum after approval by the attorney general and registration by the comptroller and are valid and binding obligations for all purposes under the terms of the bonds.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions
Section 2306.491. Bonds Negotiable Instruments
Section 2306.492. Bonds Incontestable
Section 2306.493. Signature of Former Officer
Section 2306.494. Bonds Not Taxable
Section 2306.495. Authorized Investments
Section 2306.496. Security for Deposit of Funds
Section 2306.497. Mutilated, Lost, Stolen, or Destroyed Bonds