Sec. 362.034. APPROVAL AND REGISTRATION. (a) An issuer shall submit bonds that have been authorized by its governing body, including refunding bonds and the record relating to the bond issuance, to the attorney general for examination as to their validity. If the bonds state that they are secured by a pledge of proceeds of a lease or contract of sale previously entered into by the issuer, the issuer may submit the contract with the bonds.
(b) If the bonds have been authorized in accordance with state law and any contract has been made in accordance with state law, the attorney general shall approve the bonds and contract and the comptroller shall register the bonds.
(c) Following approval and registration, the bonds and contract are incontestable.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 5 - Sanitation and Environmental Quality
Subtitle B - Solid Waste, Toxic Chemicals, Sewage, Litter, and Water
Chapter 362 - Solid Waste Resource Recovery Financing Act
Section 362.031. Authority to Issue Bonds and Bond Anticipation Notes
Section 362.032. Form and Procedure
Section 362.034. Approval and Registration
Section 362.035. Pledge of Revenue and Other Amounts as Security
Section 362.036. Security May Apply to Additional Bonds
Section 362.037. Trust as Security
Section 362.038. Other Security
Section 362.039. Action by Bondholders
Section 362.040. Investment and Use of Proceeds
Section 362.041. Refunding Bonds